Beijing Property Market and Real Estate Guide
Combining rich history and ancient attractions with modern style and convenience, Beijing is one of the most popular tourist destinations in the People's Republic of China
. Property here tends to be affordable and a large number of people have decided to purchase a second home in Beijing in recent years.
Foreigners should note that due to large and constant demand, foreigners are no longer permitted to purchase property in the districts of Pudong New Area, Jing'an, Xuhui and Baoshan. There are still plenty of excellent homes available for sale and rent in all over areas of the city, and property in districts such as Chongwen, Chaoyang and Fengtai is particularly popular.
Renting Serviced Apartments
Serviced apartments have become popular in Beijing in recent years and there is now a good range to choose from. These apartments come fully furnished and are extremely modern, featuring cooking facilities, as well as en-suite bathrooms and even shared facilities, such as a garden.
Tenants usually need to sign a contract for at least six months in order to secure a serviced apartment, and this is an excellent option for foreigners who plan to spend a year or so sampling all that Beijing has to offer.
Buying Apartments and Houses
Foreigners who wish to purchase property in Beijing will find that they are restricted to certain areas of the city. Strict laws control the purchase of property in Beijing by foreigners and potential owners should read through the Regulations of the Urban Real Estate Transfer section of the Beijing Municipality's brochure.
Before the transaction can be completed, both the purchaser and the seller need to seek approval from the Beijing Foreign-related Construction Project Examination Office. While purchasers can apply independently, it is better to enlist the services of an experienced real estate agent, as well as a lawyer to help oversee the sale.
Real Estate Agents
It is important to take the time to locate a real estate agent who speaks good English and will put the needs of their client first. Search for an agent who has a comprehensive English website, as well as a large portfolio. It is also advisable to seek out recommendations, as well as reviews from previous clients.
Rentnet Real Estate Beijing
Address: Room C201, SOHO, 88 Jianguolu, Chaoyang District, Beijing, 100060, China, CN
Tel: +86 010 5129 6024
This Beijing-based company specialises in helping clients to locate their dream property and offers a wide range of professional services.
Beijing Lezone Real Estate
Address: Room 1801, Block 4, Talent Dynasty Apartments, CBD Chaoyang District, Beijing, 100060, China, CN
Tel: +86 010 8116 1685
Specialising in helping foreign clients to locate property in all city districts, this modern company offers a professional yet friendly service.
Joanna Real Estate
Address: Room B2701, Eagle Run Plaza, 26 Xiaoyun Road, Chaoyang District, Beijing, 100125, China, CN
Tel: +86 010 8458 5667
Established in 1993, Joanna Real Estate has risen to become one of the leading professional companies in Beijing, offering a full range of services.