Should I buy or rent a home in China?
If you have not spent a lot of time in China, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in China is a major decision and investment and should be carefully considered. Buying a home in China can be a great long-term option and cost saving if you plan to stay in the area for several years, as mortgage rates and property appreciation both tend to be attractive investments. On the other hand, renting in China may be a better option if you plan on staying in the area for the short-term, as it can provide greater flexibility and may cost less in the short-term. Ultimately, it is up to you to weigh the benefits and drawbacks of both buying and renting a home in China and then decide which option is best for your individual situation," wrote a member who made the move to China.
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"As I mentioned earlier I rented an apartment. Wasn't hard but I needed some friends to help me. Took me all of one afternoon to find a place. As I mentioned earlier, it was fully furnished, also had three air-conditioner, refrigerator, clothes washer and big screen TV," explained one expat living in Nanning, Guangxi Provence, China.
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Other Questions:
- What do I need to know before retiring in China?
- How do I meet people in China?
- What is life like in China?
- Is there a lot of crime in China?
- Is there a lot of diversity? Are people in China accepting of differences?
- What are the schools in China like?
- Is the cost of living in China high?
- What advice do you have for expats having a baby in China?
- What are healthcare services like in China?
- Is the cost of living in China high?
- What type of recreational facilities are in China?
- What is the weather like in China?
- Are there good restaurants in China?
- Where will I buy groceries and do other shopping in China?
- What are the visa & residency requirements in China?
- Are healthcare and health insurance expensive in China?
- What do I need to know when buying property in China?
- Are foreigners allowed to own property in China?
- What appliances are typically included in a rental?
Should I buy or rent a home in China?
If you live in China, newcomers to China would love to hear your answer to this question.
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.
