Pitfalls with purchase of real estate

 02.03.2020

    Features with purchase of real estate in Vietnam:

Real estate in Vietnam

1. You need to pay attention to the category of an compound or villa, when making a deal with a secondary real estate;
2. You need to make sure of the amount of the quota already sold to foreigners, when making a deal with a new commercial property;
3. You can't register at the place of residence without Certificate of Ownership "Pink book";
4. You will receive your Certificate of Ownership "Pink book" only after all the apartments in your compound will be sold and the Developer will receive a permit to register the Certificates of your project. In practice, it takes up to 3 years. For example, there is no commercial project of Muong Thanh Oceanus in the list for obtaining Certificate of registration of ownership for 2018-2019;
5. You can make an assignment of rights of your property before received the Certificate of ownership. It's mean, if you would like to invest and then sell, when the price increase, you can do it any time;
6. Any contract for the alienation of real estate must be registered by a notary;
7. Carefully review the methods of payment for the property.