Buyers are getting antsy about China's property market.And that's putting an extra strain on the country's real estate sector, which could mean an even bigger squeeze for investors.Here's what you need to know.Read more: China is now the world's biggest consumer of foreign real estate, with almost $300bn of purchases in 2015, up from $180bn in 2014.There are now more than 12m homes listed in the c...
By Ben WhiteHouse, October 4, 2018Vietnam is a country with high housing prices.
Many locals believe they should be able to pay their own way to the top of the property ladder.
The country’s political elite and wealthy locals also think the government will provide a fair and level playing field for their businesses.
However, Vietnam’s housing market has been riddled with corruption, with both political parties abusing their position to push their own agendas.
In Vietnam, people are paid only one-fifth of the salary that they earn in other parts of the world.
This means that if a family does not have enough money to buy a home, it cannot afford to live in it.
In some cases, the family’s entire budget can be cut.
Many people live in their cars and their houses are often overcrowded.
People cannot afford a new car, so they drive to their closest rental house to live.
In addition, many people cannot afford adequate housing because of the government’s policy of paying subsidies to businesses that offer cheap, and often subsidized, housing.
If you or someone you know is considering moving to Vietnam, you should consider the following tips.