Despite a new law in July that opened up Vietnam’s housing market to foreign buyers, domestic investors will be the main beneficiaries from the country’s huge opportunities in the housing market. It is an exercise prompted by the coach, Welsh multi-millionaire property investor Kevin Green, to break the monotony of sitting down all day. Vietnam’s unsold real estate inventory in November for the whole country was worth $2.4bn, half what it was in early 2013. However, average yields are still comparatively low, and transferring capital and profits internationally remains unclear, with some calling for guidelines from the State Bank of Vietnam. The government has also been trying to boost its own economy by encouraging private investment through tax breaks on property sales and other incentives.
Despite a new law in July that opened up Vietnam’s housing market to foreign buyers, domestic investors will be the main beneficiaries from the country’s huge opportunities in the housing market. Vietnam’s unsold real estate inventory in November for the whole country was worth $2.4bn, half what it was in early 2013. However, average yields are still comparatively low, and transferring capital and profits internationally remains unclear, with some calling for guidelines from the State Bank of Vietnam. The government has also been trying to boost its own economy by encouraging private investment through tax breaks on property sales and other incentives.