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

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




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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Xiamen 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 Xiamen.

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 Xiamen

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


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

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


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


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


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