The best cities in Vietnam to buy real estate

The best cities in Vietnam to buy real estate

Vietnam, where the purchase of real estate is available to overseas nationals, is a profitable investment destination. The country’s economy is considered one of the most stable in Southeast Asia, which is confirmed by strong interest from foreign investors. Many large companies open their representative offices and factories here. According to a report from the Ministry of Planning and Investment, the country received more than $15.91 billion in foreign direct investment over the first 9 months of 2023 alone. Real estate accounts for 9.6% of this volume. The market shows steady development and attracts private investors. Property in Vietnam is promising, and all you need to do is decide on the type of housing and the region. The choice is quite wide. Let’s look at the most popular cities in Vietnam.


Where is the best place to buy a property in Vietnam?

What is the best city to buy an apartment in Vietnam? When choosing a destination, you should consider large locations with extensive infrastructure. Below are a few of the possible options.

Ho Chi Minh City

Ho Chi Minh City has the highest potential as far as the real estate sector is concerned. According to PricewaterhouseCoopers and the Urban Land Institute, Ho Chi Minh City is among the top 10 Asia-Pacific cities with the best investment prospects in 2023. Currently, it is the central transport hub of the country and the whole of Southeast Asia with a well-developed system of roads, railways, waterways, and air routes.

The city has the largest number of premium properties on offer, since this is what developers are focusing on. In Q1 2023, real estate price growth was 10.32% (6.74% when adjusted for inflation) year over year. This speaks to the benefits of investing in local housing. The most prestigious properties are in the central districts.


The republic’s capital is a major centre of technology, manufacturing, finance, and services. The fast pace of infrastructure development contributes to urbanisation, which makes real estate in demand. The demand for housing is not limited to the central districts of Hanoi but also extends to the suburban areas, where you can find a variety of investment options.

The capital can rightfully be called one of the best cities in Vietnam, attracting hosts of visitors. A rich cultural heritage, authentic cuisine, and affordable prices beckon foreigners from all over the world. Due to this, local housing is worth being considered for short-term rentals.

Nha Trang

Nha Trang is a tourist city known for its beaches, diving spots, and nature reserves. It is considered one of the 10 largest tourist hubs and has favourable weather, which is great for travelling throughout the year.

Da Nang

The city is one of the popular tourist destinations. Unlike the capital, it offers a more peaceful lifestyle, while having a well-developed infrastructure, which fully meets global standards. Da Nang is conveniently located in proximity to the neighbouring major cities of Hanoi and Ho Chi Minh City. For those wondering, “Where is the best place to live in Vietnam by the sea?”, this is a very good option. Rental properties will also make a great investment. Holidaymakers are attracted by spacious and beautiful beaches such as My Khe, Non Nuoc, Bac My An, and many others.

Is it profitable to rent in Vietnam?

The average rental return on property is about 4%. In Hanoi and Ho Chi Minh City, this figure can reach 6% per year. However, it is important to bear in mind that the final income depends on a set of factors, namely:

  • Location. The more developed the infrastructure and the higher the number of tourists, the more in demand the real estate is.
  • Property type and additional amenities. Modern residential complexes may include a swimming pool, a gym, and recreation areas, which make the apartments more attractive in the eyes of potential tenants.

When figuring out what is profitable property to rent in Vietnam, it is important to pay attention to the quality of the unit. Premium properties are in higher demand than secondary housing without additional amenities. When it comes to the popularity of different types of real estate, studios offer the highest return. This is due not only to them being in demand among tenants because of their more affordable prices but also to the smaller amount of initial investment.

Is it worth buying real estate in Vietnam?

Since the end of 2014, foreign nationals are allowed to invest in, inherit, and lease out real estate projects in the country. The advantages of buying a property in Vietnam include:

  • Stable developing economy. Its growth rate varies on average from 5.5 to 7.5% per year. The only exception was the pandemic years of 2020–2021, when growth slowed to 2.6–2.9%. However, it recovered to 8% already in 2022.
  • Emerging market. An increasing number of developers are focusing on premium housing, which has high investment potential.
  • Affordable prices. Although they are going up every year, you can buy an apartment in Hanoi much cheaper than in Singapore.

There is no doubt that local housing has good investment potential. It is likely that in the future, the legal framework will be further liberalised in order to attract foreign capital. This will contribute to a further influx of overseas investors and an increase in prices.

What foreigners need to know about buying real estate

The country has nuanced legal norms that affect home purchase transactions. Foreigners are allowed to buy apartments in Vietnam, but on the condition that within a single condominium, expats own less than 30% of the properties. Locations that are classified as protected areas and have the status of strategically important for the security of the country are also not accessible to them.

All land here belongs to the state, so individuals or legal entities can only obtain it through a long-term lease. However, the land can be used and developed, including for building a house. This practice is typical for most countries in Southeast Asia and is generally accepted there.

An overseas investor only needs a visa to purchase a home, unlike many other countries that have residency requirements. Moreover, to register a transaction, a regular tourist visa is sufficient.

Buy real estate in Vietnam

Our website contains listings from developers and local agencies. A convenient search filter system allows you to find the best towns in Vietnam to buy real estate. You can receive advice from professional brokers. To do this, just fill out the contact form in the online chat. Specialists have full knowledge of the market and are well grounded in the norms of current legislation. They will be happy to help you with both selecting a property and closing a deal. Start choosing an apartment or villa in Vietnam right now!

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