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You are at:Home»The science»Is it worth buying real estate in China: what to take into account

Is it worth buying real estate in China: what to take into account

December 3, 2018

Buying real estate in China is one of the most promising areas. It is believed that in the near future China will become a very promising industry for investing in real estate. Restrictions on the purchase of real estate in China have appeared since 2006. From this period began to be introduced to restrictions on the purchase of real estate by foreigners. The main feature of the purchases is that the buyer cannot purchase real estate, or can only rent it. Lease term is 70 years. For the purchase of commercial real estate, such a lease period is 50 years. In China, you can do different activities. For example, a printing house of St. Petersburg is a very profitable business. Therefore, why not open a printing house in China. All because the whole land of China is state property. It turns out that in fact it is impossible to take possession of real estate in China. Since 2011, real estate purchase taxes have been introduced. This is a stamp fee, a tax on transfer of property rights and a contribution to the public fund of housing and communal services. All innovations in the field of real estate concern not only foreigners, but also citizens of the country. Real estate prices in China are largely dependent on the location. This is really a very big country. These are not only megacities, but also provincial places. Buying real estate gives the right to long -term stay in the country. A person who has acquired real estate in China can count on the possibility of being in this country up to a year. It is very profitable and common.

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