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| *Ostroff, Fair and Company>>>Investing |
Property investments in vietnam? |
Property investments in vietnam? Vietnam has opened to foreigners buying property in Vietnam for several years now. However, the rules of buying property is strange to say the least. For instance; a foreigner can buy a house or residential property only in certain places, while a native can buy such property anywhere. However, a foreigner can buy resort property virtually anywhere, but a native will have a harder time doing the same. Years ago, there was a problem with the government taking property and businesses away from foreigners fro no reason. That is no longer the case, and it's unlikely such things will ever happen again. It's best to work with a trusted real estate broker in Vietnam if you are intending to invest in Vietnam real estate. yes or no. that is the question. What about them? If you already have 200 or so properties worldwide, go buy a couple in Vietnam. If not, stay away; emerging-market real estate investments are good as diversifiers, but you can't count on them to perform consistently. Last I heard they are still a communist country which means the State owns all property. |
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