Does anyone know how expensive could cost to buy an average house in shanghai or an average departamente contained by shanghai, does someone know which is the cheapest place to buy lands in shanghai? can someone provide me an trellis address ?
Answers: Of course it goes backbone to location location location. Downtown is very expensive. Outlying areas are cheaper and lots might be more available.
There is a huge difference surrounded by what is "average" to a non-chinese and local. Most people live within apartments. Downtown in a appropriate building that a foreigner would want to live in, purchase price can be over 25K RMB per square meter. Smaller, elder, far away from downtown might be as little 5 or 6 K per square meter. Single family homes ( call villas here ) are extremely expensive - again depending on the neighborhood.
All land is owned by the organization and leased to the homeowner for 70+ years.
There are restrictions on foreigners owning property. You own to be here a year, have a resident visa, and can purchase one "home" for personal use. If you are planning a commercial endeavour ( buying more than one unit and renting it out for instance), you must setup a business beside an appropriate amount of capital.
You will necessitate a good agent.. not straightforward to find.
For current prices on a few places check http://cityspace.shanghaiexpat.com
Answers: Of course it goes backbone to location location location. Downtown is very expensive. Outlying areas are cheaper and lots might be more available.
There is a huge difference surrounded by what is "average" to a non-chinese and local. Most people live within apartments. Downtown in a appropriate building that a foreigner would want to live in, purchase price can be over 25K RMB per square meter. Smaller, elder, far away from downtown might be as little 5 or 6 K per square meter. Single family homes ( call villas here ) are extremely expensive - again depending on the neighborhood.
All land is owned by the organization and leased to the homeowner for 70+ years.
There are restrictions on foreigners owning property. You own to be here a year, have a resident visa, and can purchase one "home" for personal use. If you are planning a commercial endeavour ( buying more than one unit and renting it out for instance), you must setup a business beside an appropriate amount of capital.
You will necessitate a good agent.. not straightforward to find.
For current prices on a few places check http://cityspace.shanghaiexpat.com