What do I need to know when buying property in China?
When we asked expats what advice they would give a foreigner before buying a property in China, they said...
"It is important to understand the local property market and do extensive research before making any decisions about purchasing property in China. It is advisable to assess the location and desirability of the property, as well as its physical condition and any specific costs associated with its ownership. It is also important to understand the local laws and regulations governing the purchase and ownership of property. It is also recommended to get a qualified lawyer or legal consultant to ensure full understanding of the legal matters related to the purchase of property. Finally, it is important to ensure that any sale or purchase agreement fully protects your rights as a buyer, and understand any tax implications associated with the purchase," said a member in China.
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What do I need to know when buying property 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.