Vietnam: hot, hot, hot! New apartments, new villas, and rising house prices everywhere!
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Vietnam is flooded with new construction, and its real estate market is sizzling hot. Boosted by recovery from the housing bust of 2009-2013, by a booming economy, and by the Housing Law and the Law on Real Estate Business (effective July 1, 2015), which allows foreigners and overseas Vietnamese to legally own, sell and transfer real properties (subsequently fleshed out by Decree No 99 (effective December 10, 2015) and by Circular 19 (effective August 15, 2016)), real estate prices in Vietnam have been rising rapidly.
The law - and the subsequent liberal decrees - are hugely important. And the result has been a boom.
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