In this episode, “How to Buy Off-plan property in China,” I share my experience meeting a real estate agent and enquiring about how to buy off-plan property in China.
As you all know, I live in Chongqing, where the housing price is affordable for ordinary people. If you have a stable job and can get a loan from the bank, you can buy your own house here. Like in other countries, it’s a complicated process to own real estate in China. If you require a mortgage, the whole process may take months.
From the perspective of cultural differences, China’s real estate market has some unique characteristics. For example, most foreigners think renting a house is the most convenient option. Then there will be problems when they want to marry in China because the Chinese have a different understanding of buying. Many foreigners are expected to pay for a house themselves, but the Chinese, especially young people here, get a lot of support from their families to buy their first dwelling; China is developing fast, and buying a house is also an excellent way to invest in your future.
In the vlog, I went to a project for sale in Chongqing and met a girl who works in the real estate industry. She shared some tips for buying a house in Chongqing. If you want to buy a home in China, stay tuned, and don’t miss this episode.
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