The real estate market in Laos is expected to decline by 15 percent to 20 percent this year because of the impact of the Covid-19 pandemic and a continuing economic slowdown.Read more
How’s the Real Estate Market These Days?
This must be the most common question real estate agents get when meeting people.
The entry of foreign investors to Laos has resulted in a boom in real estate business in the Asian nation, notably in the capital Vientiane.Read more
There are always a large volume of rental houses targeted at any one time in Vientiane. The difficulty lies in separating quality homes from those which are clearly substandard. I estimate that only around 25% of rental properties available at any one time are of sufficient standard to house expatriates. Short supply of livable properties creates high and fast-paced competition amongst potential tenants.
Even more it’s important for an Expat to understand the mechanics of the Lao Real Estate market.
First of all let me start with the agents: …..