A lot of expats in Vietnam have affirmed they will spend millions of dollars to buy houses here, denying the opinion that even if the government opens the real estate market to foreigners as proposed, this would not attract foreigners, who believe that the real estate price in Vietnam is overly high.
Analysts have noted that the foreigners demand for possessing houses in Vietnam has been increasing rapidly.
Philip, a Canadian citizen, who now works as an English teacher for a foreign language center in Hanoi, said he has been living in Vietnam for three years, but he still has not, allowed to buy a house in Vietnam.
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