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

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




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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Qingdao 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 Qingdao.

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 Qingdao

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


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

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


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


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


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