1. Unstable currency Vietnam Dong (VND) is the most unstable currency in the region right now due to the inflation rate of 5% (2017, World Bank). Saving VND in the bank isn’t the answer. With the current world economic and politic, people are losing their trust on currency and always looking for a place to keep their money safe. With the high gold price, people now have … [Read more...] about Invest in Real Estate, Buying Property in Vietnam: An Ultimate guide for your decision
In 2015, the Vietnamese government came out with a decree allowing foreign nationals to purchase apartments to be licensed under their name for a maximum of 50 years without having to hold Vietnamese citizenship. However, there is still law in place that prevents foreigners from owning any Vietnamese land. As of 20 December 2017, the Ministry of Natural Resources and … [Read more...] about When can foreigner buy property in Vietnam?
Planned metro lines for Ho Chi Minh City Ho Chi Minh City is currently the largest and fastest growing city in Vietnam. With continued construction of apartment projects, foreign investment and overall economic growth, Saigon, as it is commonly known, is attracting locals and foreigners alike. As it stands, Ho Chi Minh City has a population of about 8,426,000, with … [Read more...] about Infrastructure Developments in Ho Chi Minh City
In addition to taxes, property transfer fees, from 2017, people who own two or more properties may be subject to income tax, in accordance with the Law on Property Tax. According to the head of the State Budget Department (Ministry of Finance) Vo Thanh Hung, property tax is a direct tax, hit on people with large assets, many ownership. For example, for people with 2-3 … [Read more...] about New Tax policy for owning property in Vietnam
That is one of the reason the services of tourism and housing are expensive. However, in contrast to this, a beautiful little town in Italy called Ollolai is selling the house for just $ 1, cheaper than a cup of cappuccino. Italy is a very beautiful country with romantic and famous architecture. The town of Ollolai is located in the Barbagia hills of the … [Read more...] about Buying a house in Italy with 1 USD!