Locals spend billions on realty abroadVietnamese buyers spent US$3 billion on homes in the US between April 2016 and March 2017, showing the interest of Vietnamese people in this segment, but also raising the question of how such large amounts of money could be transferred abroad. According to her, a deal to buy property abroad is seen as an investment abroad and thus regulated by the Law on Investment, under which companies and individuals are permitted to set up an investment abroad. Despite the foreseen risks of buying homes abroad, many Vietnamese people are still paying millions of dollars to buy homes in their dream countries such as the UK and UK. Not only the US, but also properties in the region, including Thailand, are attracting rich Vietnamese home buyers. “The demand for homes in Vietnam is increasing, because the country now boasts the fastest-growing ultra-rich population in the world.
