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The most important things you need to know about the new foreign ownership of property law are as follows:

  • If an expat has a tourist visa, he can buy a property.
  • You can buy an unlimited number of real estate in the country. But at the time being, a foreigner can not buy more than 250 houses in one ward.
  • Expats can buy up to 30% of the units in condominiums and can possess a maximum proportion of 10% of the properties in a project.
  • The 50-year leasehold period is now renewable.
  • If you marry a Vietnamese, you can get free ownership.

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