Can a Foreigner Buy an Apartment in Vietnam?
In 2015, Vietnam opened its property market to foreign buyers — and overseas demand has climbed every year since. The short answer: yes, foreigners can buy apartments in Vietnam, but within strict limits.
What are the rules for foreign buyers?
Vietnam's 2014 Housing Law (amended 2023) grants foreigners with a valid visa or residence permit the right to purchase apartments on a 50-year leasehold, renewable once for another 50 years.
Key restrictions:
- Foreign buyers may own no more than 30% of units in any single apartment building
- Land and standalone houses are largely off-limits (exception: houses in approved gated developments, capped at 10% of units)
- A valid passport and visa are required — permanent residency is not
How much does it cost and where to buy?
According to Savills Q1 2025 data, average apartment prices in Ho Chi Minh City range from $3,200–$4,500/m² in the premium segment. Hanoi mid-tier prices rose over 15% year-on-year.
Top locations for foreign investors include Thu Duc City (HCMC), Tay Ho district (Hanoi), and Da Nang.
Actionable tip: Before committing, verify the 30% foreign ownership quota directly with the developer and engage a local lawyer specializing in Vietnamese property law.
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