Beijing Real Estate ... 
  Should I rent or buy an apartment in Beijing, China?
China Travel and Hotel Guide

Beijing Real Estate Calculator

Finding a Home In Beijing
If you plan to rent or buy a property in Beijing, finding your property will be a major step in your relocation to Beijing. If you have not lived in Beijing, you should rent rather than buy your property in Beijing, at least for six months. If you would like to rent or buy a real-estate property in Beijing you may email us at webmaster@china-travel-guide.de with your real-estate questions.

It is the best way to know not only if Beijing is the place you want to live or retire for the next few years, but also if Beijing is suited for you.




Apartments & Houses in Beijing
If you are planning on living in Beijing, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don't count on real-estate agents in Beijing to point out the negatives of a place they're trying to rent or sell you.

Beijing Agencies
Real-estate agencies in Beijing advertise in local Beijing newspapers and as well on their office windows.

You should be able to notice a real estate agency in Beijing by the window full of ads for the different apartments or houses they have available for rent or sell in Beijing.

Before you begin working with an agency in Beijing, check that their fees are acceptable and that they are a member of the Beijing Real-estate Assocation. In most rental agreements in Beijing most agencies charge a month's rent for a twelve-month rental agreement.

When selling a property in Beijing, real-estate agents in Beijing usually charge between 2.5% and 3% of the final sales price.
Monthly rent Beijing:RMB
Monthly Beijing rental insurance:RMB
Expected annual inflation rate in Beijing:  %
Purchase price of property in Beijing:RMB
Down payment amount:RMB
Length of Beijing mortgage term (years):#
Beijing Mortgage's annual interest rate:  %
Discount points on purchase of home in Beijing:  %
Origination fees:  %
Other loan costs in Beijing:RMB
Mortgage Insurance (PMI):  %
Beijing Homeowner's insurance rate:  %
Monthly association dues in Beijing:RMB
Average monthly maintenance of Beijing property:RMB
Beijing Annual property tax:RMB
Beijing plus government income tax rate:  %
Interest rate you expect to earn on savings in Beijing:  %
Expected percentage your Beijing home will appreciate by each year:  %
Number of years you will stay in Beijing:#
Beijing Realtor commission rate:  %
Total estimated cost of renting a property in Beijing:RMB
Total estimated cost of buying a property in Beijing:RMB
After coming to an agreement on a rental or purchase, both parties in Beijing sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Beijing with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Beijing will be affixed to the agreement.

Renting
Real estate agencies in Beijing are the safest way if you want to rent or buy a property in Beijing. Please make sure they are a licensed agent in Beijing and very familiar with the Beijing property market.

Local newspapers in Beijing also advertise apartments and houses for rent, but word of mouth is the best way in Beijing. If you are currently an academic in Beijing, you could check local at local universities in Beijing, where apartments or rooms for rent are commonly posted.

In general rental rates in Beijing, increase by a small percentage each year in accordance with the government's annual cost of living reports in Beijing. You can find yearly leases in Beijing, and more short-term housing is available near academic institutes or around tourism areas within Beijing.

Short-term tourist housing in Beijing is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Beijing.

If you want to buy a property in Beijing, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Beijing to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Beijing.

If you are buying a brand new property, you'll need to pay property tax in Beijing. If your purchase is a luxury property, you may have to pay local taxes in Beijing and possible stamp duty.

Even as a non-resident homeowner in Beijing, you may become liable for all kind of taxes in Beijing, including income tax.

Beijing Mortgages
If you plan to take a mortgage in Beijing you need at least a 20% downpayment of the purchase price of the property in Beijing. Even if you generate rental-income from renting your Beijing property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Beijing Real Estate calculator will help you to compare the costs of renting a house or condo in Beijing to the costs of buying a house or condo in Beijing. Since there are all kinds of forces at work behind the scenes such as the current interest in Beijing, Beijing property taxes, tax savings, appreciation in general to investments in Beijing, comparing the cost of renting to the cost of buying in Beijing is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Beijing Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Beijing.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Beijing

  • Beijing Multi-Family
    Traditional, multi-family residential complexes located in Beijing and suburban markets of Beijing.


  • Beijing Mixed-Use
    Properties in Beijing that integrate and combine residential with different uses, including retail and office spaces.

  • Beijing Office
    Traditional office or office type properties in Beijing.


  • Beijing Retail
    Properties in Beijing with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Beijing.


  • Beijing Light Industrial
    Single- or multi-tenanted spaces in Beijing used for warehouse, manufacturing, distribution, or research and development in Beijing.


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