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Update news second home
Deputy Minister of Finance Nguyen Duc Chi said the Ministry of Finance (MOF) agrees with the proposal on taxing second and subsequent houses to prevent speculation and ensure the transparent and stable development of the real estate market.
The play of children in Hoa Binh was interrupted recently by luxury cars passing by driven by wealthy people who were seeking to buy land in their home village.
Despite second home and holiday property being assessed as a top-quality segment for both investors and developers, disputes remain due to the lack of a legal framework.
Competitive prices, along with advantages in climate and natural resources, are helping Vietnamese second home and holiday properties become one of the hottest investment channels in the country.
Ten years ago, after traveling around Vietnam and worked as nurses in Can Tho General Hospital for about six months, Deranville and his wife Lydie from France embraced a profound love for Vietnam.