China
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," said a member in China.
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"My wife owns a condo which is basically what many Chinese own in liu of Americans buying a house. Many more rent apts/condos from others," remarked another expat who made the move to Xi'an, China.
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Other Questions:
- What do I need to know before moving to China?
- How do I find a place to live in China?
- What is a typical expat home or apartment like in China?
- What is the average cost of housing in China?
- Should I buy or rent a home in China?
- What should I pack when moving to China?
- What cultural faux pas should I try to avoid making in China?
- Why do people move to China?
- What are healthcare services like in China?
- What are medical services in China like?
- What are typical rents 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.
