Laos: Overview

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Real estate status in Laos

Laos (pop. 6,201,000; GDP/cap US$482), officially Lao People’s Democratic Republic, is the poorest and least developed country in East Asia. More than three-quarters of the country’s people live on less than US$2 a day and the country's social indicators are among the worst in the region, according to World Bank. Only 66.4 percent of the population is literate. Aside from poor economic conditions, foreigners are cautious about going to Laos because of Avian flu.

Foreigners can only lease land, for up to 75 years.

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