Real Estate in Guangzhou, China
Last updated on Sep 09, 2024
Summary: The most desirable neighborhoods in Guangzhou, China are Tianhe, Yuexiu, Liwan, Haizhu, and Baiyun. The average cost to buy a nice 2 bedroom home in Guangzhou is around $200,000 USD, while a nice 3 bedroom home can cost around $300,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and high-speed internet. Foreigners are allowed to purchase properties in Guangzhou, however, there are certain restrictions in place. For example, foreigners are not allowed to purchase properties in certain areas, such as military zones. The best way for an expat to search for a home to buy in Guangzhou is to use a real estate agent or a property search website. These agents and websites can provide detailed information about the properties available in the area, as well as help with the paperwork and legal aspects of the purchase.
How do I find a place to live in Guangzhou?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One way to find a place to live in Guangzhou is by searching through online rental marketplaces such as 58.com. This website allows you to search for apartments according to the area, the size of the rental, and the budget you have in mind. Additionally, many expats have had success finding rentals through Wechat groups dedicated to sharing apartment listings. Finally, you can always turn to local real estate agents who are specialized in helping foreigners find housing in Guangzhou," said one person in Guangzhou, China.
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What is a typical expat home or apartment like in Guangzhou?
"Expat homes and apartments in Guangzhou typically feature modern interiors with large open living spaces. The apartments come equipped with sophisticated amenities such as air conditioning, high speed internet, smart TVs, and international power sockets. Furnished properties often come with stylish furniture pieces, washing machines and dryers, and refrigerators. Most also offer private balconies where you can enjoy stunning views of the city skyline. Expats in Guangzhou can also find well-maintained luxury developments in bustling areas with impressive facilities such as fitness centers and swimming pools," explained one person living in Guangzhou, China, China.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Guangzhou?
If you are thinking about moving to Guangzhou, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Guangzhou can vary significantly depending on the quality of the accommodation and the location. Generally speaking, renting a one-bedroom apartment in a city center would likely cost around 7,000 - 14,000 RMB per month. An apartment further away from the center in a more residential neighborhood could cost around 4,000 - 8,000 RMB per month," remarked one member in Guangzhou, China.
Should I buy or rent a home in Guangzhou?
If you have not spent a lot of time in Guangzhou, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"If you are planning on staying in Guangzhou for an extended period of time, buying a home is often a better financial decision than renting. Owning a home will provide you the stability of not having to worry about sudden rent increases, and you can also make money on your investment if you decide to sell it in the future. Additionally, buying a home in Guangzhou gives you the opportunity to familiarize yourself with the local area and culture and create deeper roots in the community. On the other hand, renting may be a better option if you are not yet sure on how long you plan to live in Guangzhou, since it can be costlier to break a long term contract than a short term rental," said one expat who made the move to Guangzhou, China.
What do I need to know when buying property in Guangzhou?
When we asked expats what advice they would give a foreigner before buying a property in Guangzhou, they said:
"Before purchasing property in Guangzhou, consider researching government regulations and restrictions on foreign buyers. It is important to understand the tax obligations and other costs associated with the purchase and ownership of property in Guangzhou. It is important to research the economy and property markets of the area you are considering investing in and find out about any restrictions on foreign buyers in the area. It is also recommended to hire a professional property adviser who is familiar with the local real estate market and is able to provide accurate and up-to-date information. It is also recommended to obtain a professional legal opinion on the title and other legal documentation associated with the property before purchasing. In addition, it is important to check the reputation of the developer, contractor and any sellers for the property. You should also be aware of any potential environmental or safety issues before buying the property," said one in Guangzhou.
Are foreigners allowed to own property in Guangzhou?
When we asked expats what advice they would give a foreigner before buying a property in Guangzhou, they said...
"Yes, foreigners are allowed to own property in Guangzhou. According to the Chinese government, foreign citizens, companies, and other organizations are allowed to purchase real estate in China, including in Guangzhou. However, there are certain restrictions in place, such as the fact that foreign citizens are only allowed to purchase one residential property in China. Additionally, foreign citizens are not allowed to purchase agricultural land or land designated for military use," said one in Guangzhou.
What appliances are typically included in a rental?
We asked foreigners in Guangzhou what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Most rental properties in Guangzhou, come with standard kitchen appliances such as a refrigerator, stove, oven, and microwave. In addition, most rental properties include air conditioning and water heaters, as well as washing machines and dryers. Finally, basic furniture such as a bed, sofa and dining table and chairs may also be included," wrote one expat who made the move to Guangzhou.
Additional Information about Searching for a Home in Guangzhou:
We asked foreigners in Guangzhou what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Guangzhou by using online real estate websites, such as Anjuke, SouFun, and Lianjia, which offer a variety of listings for apartments, villas, and other types of housing. Additionally, expats can contact local real estate agents who specialize in helping foreigners find homes in Guangzhou. Additionally, expats can search for housing on social media platforms, such as WeChat, where they can connect with other expats and locals who may have housing recommendations," explained one person living in Guangzhou, China.
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.
SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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