Nanjing Real Estate ... 
  Should I rent or buy an apartment in Nanjing, China?
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Nanjing Real Estate Calculator

Finding a Home In Nanjing
If you plan to rent or buy a property in Nanjing, finding your property will be a major step in your relocation to Nanjing. If you have not lived in Nanjing, you should rent rather than buy your property in Nanjing, at least for six months. If you would like to rent or buy a real-estate property in Nanjing 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 Nanjing is the place you want to live or retire for the next few years, but also if Nanjing is suited for you.




Apartments & Houses in Nanjing
If you are planning on living in Nanjing, 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 Nanjing to point out the negatives of a place they're trying to rent or sell you.

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

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

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

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

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

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

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

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

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

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

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

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

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

The Nanjing 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 Nanjing.

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 Nanjing

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


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

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


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


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


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