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The best and most affordable real estate in Vietnam is no longer as rare as it once was.
The country’s real estate market has become one of the most dynamic in the world, and you’ll find it at a dizzying array of prices.
This guide to Vietnam real property offers insight on what’s available, what to look for, and how to navigate a complex market.
The real estate guide you need The country is a vast expanse of red clay with a population of just over one million, and most people still don’t live in it.
Vietnam is the third largest country in the Asian region after China and Cambodia, but it’s been a relatively quiet one in recent years.
It’s home to more than 10 million people, and the country has one of Asia’s lowest rates of HIV infections, with about a third of all infections in the region recorded in 2016.
Its low population density and limited natural resources mean that Vietnam is a country of contrasts, with large swaths of the country remaining rural.
But the country is also home to some of the best real estate markets in the Asia-Pacific, thanks to its booming property market.
As Vietnam has grown in popularity over the past decade, its real estate is on a rapid upward trajectory.
The number of homes for sale has risen steadily in the last decade, reaching more than 1.4 million in 2016, according to the country’s National Statistics Bureau.
This year, the total number of Vietnamese homes sold will be at least 1.3 million, with another 1.1 million sold this year alone, according the National Association of Home Builders.
In 2016, Vietnam’s median price for a house was just under $4 million.
The average price per square foot for a single-family home was $1,600, and for a two-story house it was just $1.55 million, according data from the U.S. real estate website Zillow.
While the country ranks among the most expensive in the Organization for Economic Cooperation and Development (OECD), with the median house selling for $1 million, many Vietnamese buyers have chosen to stay in the country, even if it means making sacrifices for a home that’s more affordable than anywhere else in the Southeast Asian nation.
Here’s a look at how to find the best deals in Vietnam and how you can find a home with more bang for your buck.
Real estate market What’s available in Vietnam?
You can find real estate for sale on the website of the National Assn.
of Realtors (NAR), a nonprofit organization that represents local real estate agents and brokers.
This group provides a directory of the leading real estate agencies and brokerages in the province, and it’s one of many local organizations that have been promoting the country for years.
There are three main categories of real estate brokers in Vietnam: REI, which offers a wide range of rental properties, and Trulia, which specializes in homes in rural areas.
The NAR provides the best prices, with a median sale price of $1m, according its website.
There’s also an NAR-managed REI real estate listing service, which you can search through for your desired home.
Trulia’s listings are typically priced from $1-2m, but the NAR has a range of prices starting at $4-7m.
If you’re in the market for a condo, you’ll want to look at Trulia.
Trusted Home, which also specializes in rental properties in Vietnam, has a variety of deals.
This website offers listings for $2m to $5m, with prices starting from $3m to more.
Trusedos real estate listings tend to be cheaper, starting from less than $1million, and can range from condos to townhomes, according Trusedo’s website.
Truman Homes, which is another REI-run real estate broker, offers condos and townhoms starting at about $4m, while the company offers a listing for $3.25m.
Trumans prices can vary depending on the type of property you’re looking at, but they tend to remain around $2 million.
You’ll also want to take a look for property that has been remodeled and is no more than 30 years old, said Truman’s managing director, Mark Mihai.
You can also look for a property with an existing tenant or a house that has recently undergone a major renovation.
You don’t want to rent to a company that is already listed for sale, he added.
Other real estate options in Vietnam include Trulia Real Estate, which focuses on property with the best potential for a long-term homebuyer, or Trulia Property.
These properties are all marketed as rentals, but Trulia also offers real estate deals for sale through Trulia Home Loans, which are also available in Cambodia and the Philippines.
The website of Trulia provides a list of available properties, but you can also search through