Is Vietnamese real estate expensive? Is it suitable for investment?

In everyone's impression, Vietnam is a small country and a country with less developed economy. Many people want to know how the real estate price in Vietnam is, whether there is room for growth and whether it is suitable for everyone to invest.

Many young people think that our house prices are very expensive, but the real estate prices in Vietnam are really sky-high for local people. Why do you say that? In China, the salary of a programmer is about 1.5 million. If you don't eat or drink for 20 years, you can probably afford a house in a small city. But in Vietnam? The salary of technicians in Vietnam is almost only 1500, but their average house price has reached the point where it needs 25,000 yuan per square meter. If it is Hanoi, the price is higher. A 60-square-meter house needs at least 2.5 million yuan, and local people really can't afford it for a lifetime without eating or drinking.

This is because Vietnam is sparsely populated, so you can rarely see a large area of houses in Vietnam. The housing area required by the government is 40 to 60 square meters. In fact, this is also beneficial, that is, for foreign investors, such a house costs little, and because of the population of their own country, the house is exactly what they need. Therefore, investing in real estate in Vietnam is not difficult to sell, and short-term holding of real estate can quickly achieve profitability.

In particular, some houses with good geographical location, such as houses in Hanoi or houses next to famous schools, also have school districts in Vietnam. Locals may not buy first-hand houses for various reasons, but only buy second-hand houses to live and study, which brings investors the possibility of making profits.