Real Estate in Haiphong, Vietnam
Last updated on Feb 13, 2024
Summary: Expats and retirees talk about real estate in Haiphong, Vietnam? How do you find a home in Haiphong? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Haiphong?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Haiphong involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a larger house, depending on your needs and financial situation. Next, you should research the different neighborhoods in Haiphong to find one that suits your lifestyle and preferences. Some areas might be closer to work or school, while others might offer more recreational activities or a quieter environment. Once you have a general idea of where you'd like to live, you can start looking for specific listings. There are several online platforms where you can find rental listings, such as Batdongsan, Mogi, and AloNhaTro. These websites allow you to filter results based on location, price, and type of property. In addition to online listings, you can also work with a local real estate agent. They can help you navigate the housing market, arrange viewings, and negotiate contracts. Make sure to choose an agent who is familiar with the area you're interested in and who speaks both Vietnamese and English if you're not fluent in Vietnamese. When you find a place you're interested in, arrange a viewing to inspect the property. Check for any potential issues, such as leaks, pests, or damage, and ask about any additional costs, such as utilities or maintenance fees. Finally, once you've found a place you're happy with, you'll need to sign a lease. Make sure to read the contract carefully and understand all the terms before signing. It's also a good idea to have a local friend or your real estate agent help you with this process to ensure you're getting a fair deal. Remember, finding a place to live can take time, so be patient and don't rush the process. With careful planning and research, you can find a great place to live in Haiphong," remarked one member in Haiphong.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Haiphong?
"A typical expat home or apartment in Haiphong, is often located in a modern, well-maintained building or complex, often with security and sometimes with amenities like a pool or gym. These homes are usually fully furnished, featuring a mix of Western and Vietnamese styles. The living room is spacious, often with a large window or balcony offering city views. The kitchen is typically equipped with modern appliances, including a refrigerator, stove, and sometimes a dishwasher. Bedrooms are comfortable, often with air conditioning and en-suite bathrooms. Some apartments may also have a separate laundry room with a washing machine. The location of these homes is usually convenient, close to shopping centers, restaurants, and international schools. Despite being in the city, many expat homes are in quieter neighborhoods, providing a peaceful living environment," said one expat who made the move to Haiphong.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Haiphong?
If you are thinking about moving to Haiphong, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Haiphong can vary greatly depending on the location and type of property. For a standard apartment in the city center, the cost can be relatively moderate. However, for a larger house or a property in a more desirable location, the cost can be significantly higher. It's also worth noting that the cost of housing in Haiphong is generally lower than in larger cities like Hanoi or Ho Chi Minh City," remarked one foreigner who made the move to Haiphong.
Should I buy or rent a home in Haiphong?
If you have not spent a lot of time in Haiphong, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Haiphong, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Haiphong for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and gives you a sense of stability and permanence. On the other hand, if you're not sure about your long-term plans or if your job requires you to move frequently, renting might be a better option. Renting offers more flexibility as you can easily move without the hassle of selling a property. It also allows you to avoid the responsibilities and costs that come with home ownership, such as maintenance and property taxes. Financially, buying a home requires a significant upfront cost, including a down payment and closing costs. If you have enough savings and a stable income to cover these costs and the ongoing mortgage payments, buying could be a good choice. However, if you're not financially ready for these costs, renting might be more feasible. In terms of the local real estate market, it's important to consider factors such as property prices, rental rates, and the potential for property value appreciation. If property prices are high and rental rates are low, renting might be more cost-effective. Conversely, if property prices are reasonable and there's potential for property value appreciation, buying could be a good investment. Lastly, consider your lifestyle preferences. If you value the freedom to customize your living space and don't mind the responsibilities of home maintenance, buying a home could be suitable. But if you prefer a hassle-free living situation with less responsibility, renting might be more appealing. In conclusion, the decision to buy or rent a home in Haiphong, Vietnam, should be based on a careful consideration of your personal circumstances, financial situation, long-term plans, the local real estate market, and lifestyle preferences," said one expat in Haiphong.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.