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Vietnam Is the Most Attractive Real Estate Market in ASEAN

By Xuan Ha
August 11, 2016
BizLIVE

Vietnam Is the Most Attractive Real Estate Market in ASEAN

By Xuan Ha
August 11, 2016
BizLIVE

Read below

Photo of attorney Oliver MassmannOliver Massmann, general director of Duane Morris Vietnam LLC discusses opportunities and challenges when investing in the Vietnamese property market.

Regarding the big picture of the market, Mr. Massmann told Vietnam Business TV that Vietnamese market has a very special liberal sense like no others in ASEAN.

If a foreigner married a Vietnamese citizen, that person can own a house or a land in a “freehold” basis; that is the ownership of real property, and all immovable structures attached to such land, as opposed to a leasehold.

Vietnam’s property market is growing due to the rise of the middle class, liberalization of trade, and rapid urbanization. According to Mr. Massmann, Vietnam is considered to be one of the prime locations for property investment in the world. With just a tourist visa, a foreigner can own properties with a lease up to 50 years.

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