Shanghai, China
Real Estate in Shanghai
Last updated on Apr 18, 2023
Summary: The most desirable neighborhoods in Shanghai, China are Xuhui, Jing'an, Huangpu, Changning, and Pudong. The average cost to buy a nice 2 bedroom home in Shanghai is around $400,000 USD, and a nice 3 bedroom home is around $600,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and high-speed internet. Foreigners are allowed to purchase properties in Shanghai, but there are restrictions on the size and type of property that can be purchased. For example, foreigners are not allowed to purchase properties larger than 140 square meters. When searching for a home to buy in Shanghai, expats should consider their budget, desired location, and the type of property they are looking for. It is also important to research the local real estate market and consult with a real estate agent to ensure that the property is in good condition and meets all legal requirements.
How do I find a place to live in Shanghai?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"We lived in Shanghai before and wanted to start living in a familiar place, so we picked a neighborhood that we used to go to a lot," said one person in Shanghai.
"If you are looking for a place to live in Shanghai, there are many options available. You could look for a place to rent through a real estate agent or apartment-finding websites such as Danke Apartment, Sango, and 5i5j. You could also search for a shared accommodation through sites such as Shanghai Furnished Apartment, Spare Room, and Airbnb. Alternatively, you could look for serviced apartments with facilities like on site gym and swimming pool, which can be viewed online on the sites of SuperBrand Mall, Shanghai City Apartment, and Oakwood Asia. You can also consider staying in hostels or hotels for short-term stays," said one expat who made the move to Shanghai, China.
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About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.
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