New real estate fever not likely

VietNamNet Bridge – Nguyen Manh Ha, Head of the House Management Department of the Ministry of Construction (MoC) brushed aside fears that real estate prices would skyrocket if a plan that permits foreigners to buy homes in the country by 2008 wins government approval. Under the plan foreign nationals will only be permitted to purchase one home that may be sold, gifted, mortgaged, or left in inheritance but will not be permitted to lease the property.