Shanghai Property Market and Real Estate Guide
One of the People Republic of China's most Westernised cities, Shanghai is often referred to as 'the Paris
of China'. Getting to know this vibrant city is a richly rewarding experience and a large number of visitors decide to live and work here for a while.
Those who choose to relocate to Shanghai will find a wide range of property available, from basic apartments to luxurious serviced apartments and villas. Districts of Shanghai that are popular with expats include the French Concession, Changning, Luwan and Xuhui.
Renting Serviced Apartments
There are a large number of serviced apartments available in Shanghai and this is a popular option with those who like the finer things in life, as these modern apartments come fully furnished and offer creature comforts such as en-suite bathrooms, air-conditioning and balconies.
In order to secure a serviced apartment, visitors will usually need to show proof that they are working in the city and sign a contract for at least six months.
Buying Apartments and Houses
Foreigners are only officially allowed to purchase property in Shanghai after they have been working in China
for more than a year. In addition to the cost of the property, potential owners also need to set aside around 1.5 percent of the total cost for property tax. Although they also charge a small fee, enlisting the help of a real estate agent, as well as a lawyer, is by far and away the best option when tackling the Shanghai property market.
Real Estate Agents
The most important element in the process of purchasing or renting property in Shanghai is locating a good real estate agent. Generally speaking, the bigger name agents are the most reliable and they also have a bigger network and good contacts. Leading agents should have a large portfolio, as well as a quality website to browse.
Phoenix Property Agency
Address: Unit G-H, 11 / F Yujia Building, 1336 Huashan Road, Shanghai, 200052, China, CN
Tel: +86 021 6240 4052
Established more than ten years ago, Phoenix Property Agency is one of the city's largest expat-oriented real estate agents.
Shanghai Baihe Real Estate Co. Ltd.
Address: 1289 West Yan An Road, Shanghai, 200050, China, CN
Tel: +86 021 6212 6917
Situated in Shanghai, this approachable company offers a wide selection of property for sale and rent in and around the city.
Address: Room 702, Wise Logic International Center, No. 66 Shanxi Road North, Jing An District, Shanghai, 200041, China, CN
Tel: +86 021 5153 1318
This international property advisor has an office in Shanghai and provides clients with a wide range of services including property location.