Property for sale in Laos
Laos is a Southeast Asian country crossed by the Mekong River and famous for rocky territory, French colonial architecture, tribal settlements on the hills and Buddhist monasteries. Vientiane is the capital and it houses the monument to That Luang, where a reliquary contains what is believed to be the sternum of Buddha. It borders north with China, east with Vietnam, south with Cambodia, west with Thailand and northwest with Burma.
There have been many changes in the country, many of them positive. External investments are visibly improving the standard of living and the government is making progress in improving infrastructure.
Property prices and the cost of living in Laos is very low. Prices for apartments in Vientiane range from US $ 1,000 to US $ 4,000 per square meter.
Although foreigners are not allowed to own land in Laos, the number of foreign investors from China, Vietnam and Thailand has been steadily increasing in recent years.
The people of Laos represent only 40% of customers interested in buying property on sale in Laos, the rest are foreigners, maybe 20% Chinese, 10% Korean, Vietnamese and Western.
Now Vientiane and the 12 economic zones are experiencing a building frenzy, supported by the country's thirty-year economic growth and a surge in foreign investment.
Most of the buildings are occurring in the economic zones introduced by the government to attract both local and foreign investors interested in purchasing property for sale in Laos. For example, in the special economic zone That LuangMarsch 18 condominium towers are currently under construction. Two other 45-storey condominiums are intended for construction in the specific economic zone of Thakhek as part of the ThakhaekDreamworldCity project.
The demand for property for sale in Laos is expected to continue to grow over the next few years, amid strong economic growth and the continued flow of foreign direct investment into the country
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