Hanoi apartment market attracts majority of foreigners

ciputra hanoi luxury apartment

Hanoi City is a popular destination for foreigners and overseas Vietnamese looking to buy homes in Vietnam. A recent report released by the ministry’s Land Registration and Statistics Department showed a total of 299 foreigners and overseas Vietnamese had either registered to buy or already bought an apartment in Hanoi by April 10, of which 252 bought an apartment in Ciputra district according to Thanh Nien.

Can Tho City in the Mekong Delta was in second place with 12 houses sold to foreigners. Real estate in the capital Hanoi is as an enticing prospect as other areas of Vietnam. Only three overseas Vietnamese and one foreigner bought houses in the countryside this year. The actual number of overseas Vietnamese buying houses in Vietnam may be higher, but many use relatives in the country to register ownership on their behalf.