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

Shenzhen Real Estate Calculator

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




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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Shenzhen 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 Shenzhen.

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 Shenzhen

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


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

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


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


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


Beijing Real Estate - Xian Real Estate - Shanghai Real Estate - Hong Kong Real Estate - Jinan Real Estate - Guangzhou Real Estate - Guangdong Real Estate - Chengdu Real Estate - Xiamen Real Estate - Zhengzhou Real Estate - Kowloon Real Estate - Shenzhen Real Estate - Beihai Real Estate - Dalian Real Estate - Nanjing Real Estate - Chongqing Real Estate - Hangzhou Real Estate - Harbin Real Estate - Kunming Real Estate - Pudong Real Estate - Qingdao Real Estate - Wuhan Real Estate - Shenyang Real Estate - Tianjin Real Estate - Shaanxi Real Estate - Sichuan Real Estate

(C)opyright 2005 ~ 2006 - www.china-travel-guide.de,
All Rights reserved by www.china-travel-guide.de.
Please email me your feedback to webmaster@china-travel-guide.de