From today ( 1/7 ) , the Law on Housing formal amendments take effect. Including provisions for foreigners to own houses in Vietnam . This new feature is expected to contribute to a healthy housing market , especially to " warm up " the real estate market . But to this point, many experts predicted that the market will not have the immediate positive response policy lags .
The move " wait and see " will be popular
According to his calculations Yayongyia Mai ( Laotian , a graduate student at the National Economics University ) , at present, to reside in Vietnam , foreigners have to rent housing for apartments , villas from 1,000 -7,000 USD / month . Thus , if resident for 5 years , foreigners have to pay from 60,000 to over $ 400,000. This is not a small amount , whereas if you buy an apartment with usual amenities as little as £ 70000-200000 USD / base , while reducing the cost of living , housing has stabilized , assured students living and working in Vietnam ..
                                                                                           Illustration.
Thus, according to Mr. Mai Yayongyia policies allow organizations and individuals to own houses in Vietnam are positive.
Since this seventh day, according to the provisions of the Housing Law Amending organizations and individuals abroad, now have foreign investment, branch and representative offices of foreign companies, funds foreign investments and foreign bank branches operating in Vietnam; Foreign individuals entering Vietnam to own houses in Vietnam, has the right to purchase, lease purchase, donation, inheritance and ownership does not exceed 30% of the number of apartments in a residential building .
This provision is expected to contribute to warming the housing market through foreign capital flows will flow into Vietnam real estate market, contributing to satisfy demand outstrips supply in Vietnam market. It will contribute to boost demand on the real estate market in the long term.
There has to mark 1/7. According to Mr. Richard Leech, Managing Director of CBRE Vietnam Co., Ltd., the effect of this law will bring two real estate Vietnam a step in access to foreign investment. However, "there will be no immediate impact. Foreign investors always watch the market carefully. Foreign buyers will observe and carry out transactions only when the market really recovers. The move "wait and see" will be popular before deciding to buy a particular sale "- Richard Leech said.
Said Mr. Richard Leech is understandable. Because of this long in Vietnam, parking policy lag is a major barrier. Despite positive policy rules it is, but the longer the delay, the positive impact of paper on which to practice the less.
Guidance documents "delays" investors will brake foot
As for the Law on Housing and Real Estate Business Law Amending the script "delays" was renewed to demonstrate latency is no easy policy remedied. The clearest expression to date, although two of this Law officially takes effect. But the guiding decree has not been issued.
Thus, although many of the rules are to be positive and progressive, but no specific enforcement guidelines, both investors and customers is only "forward" or have made to the low aromatic also worry "violation precious ".
According to her analysis, Nguyen Hoai An, deputy director of CBRE Vietnam (specialized business services, real estate), the purpose of investing in real estate is to make a profit because the profit on value for rent, resell and profit on asset values. In Vietnam there are two main products are housing (mainly condominiums and housing) and resort real estate will be the foreign investors more targeted. At present, compared with Hongkong and Singapore, the housing prices are currently lower than Vietnam. With other supportive conditions, foreign investors will buy a house in Hanoi and HCMC more, then sublease for profit. By Vietnamese housing market rate can increase profits while not increasing taxes and manage not too tight.
However , according to Ms. An , knot making the market will not have the excitement instantly when the new law takes effect. As investors remain undecided freak buy now because no specific regulations on the purchase and then resell them will be taxed like ; provides for the transfer back also no clarity. Therefore , " they certainly are considered " - she An emphasis .
 
 
 
 
 
 
 
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