Searching for a new home is often a bit like looking for the perfect ring, but now there's a way to buy them from an automated site.A new online platform that's available to home buyers, called the Real Estate Council, lets users search for homes online using a range of factors including price, size, location, history and history of previous homes sold.They can then buy the property directly from ...
How much is a house in Vietnam?
This is the first time the number of houses has been put to the test.
In Vietnam, which was previously ruled by a feudal system, a property is worth whatever someone pays for it, regardless of the circumstances.
House prices in Vietnam have increased in recent years, and it is not uncommon to see houses worth hundreds of thousands of dollars in some areas.
Property sales in Vietnam, however, are not always well received, with the vast majority of the buyers either reluctant to buy or unable to find a suitable home in their area.
The Vietnamese government recently announced a property tax of 4.5 percent for property and 6 percent for non-property properties.
This is the second tax increase announced by the Vietnamese government, following the 8.5-percent increase in the 2017-2018 fiscal year.
This means that Vietnam has a total property tax rate of around 15 percent, according to the Department of Finance.
The tax is being used to fund a number of social programmes, including the Vietnam Rural Development Fund, which provides support to rural farmers, and the Vietnam Investment Bank, which is tasked with financing the construction of housing.
However, this is not the only measure the government is looking at to boost the country’s economic growth.
In addition to the tax increases, the country is also looking at ways to increase the purchasing power of Vietnamese households.
In recent years there have been several moves to help Vietnamese consumers improve their financial circumstances, including higher interest rates and the introduction of a new interest-only loan system, according the government.
Currently, interest-bearing loans from banks are capped at 3.8 percent.