Housing
Nothing demonstrates Beijing’s development more than its booming construction industry. No building appears safe from the hungry bulldozers but, while the capital has seen its fair share...
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Renting in Beijing
Rents have been increasing since Beijing was announced as the host for the 2008 Olympics. Rumours that landlords stand to make a huge profit for the duration of the games has fuelled...
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Real Estate Agents
Agents are required to be licensed by the local authorities. Make sure you ask to see their stamped business certificate before you enter into negotiations. Real estate agents will charge...
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The Lease
Because lease terms are heavily set by negotiation, it is crucial to check the wording of your contract. Make sure you ask for a copy of the contract in both Chinese and English and get...
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Main Accommodation Options
At the lower end of the scale, apartments tend to be in four or six-storey concrete buildings, built by the government to replace the sprawling hutongs, or communal courtyards of old....
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Other Rental Costs
Be prepared to pay a security deposit equal to one or two month’s rent. You may also need to pay up to three month’s rent in advance when you sign a contract. The maintenance fee for your...
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Buying Property
It is rare for expats to buy property in China and five or six years ago it was unheard of. In 2002 the government tentatively opened up Beijing’s property market to foreign direct...
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Mortgages
Prospective buyers can apply for mortgages with international or local banks. A developer selling a new block will often have a pre-existing arrangement with one bank and, as part of the...
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