The place to ask China-related questions!
Beijing Shanghai Guangzhou Shenzhen Chengdu Xi'an Hangzhou Qingdao Dalian Suzhou Nanjing More Cities>>

Categories

Close
Welcome to eChinacities Answers! Please or register if you wish to join conversations or ask questions relating to life in China. For help, click here.
X

Verify email

Your verification code has been sent to:

Didn`t receive your code? Resend code

By continuing you agree to eChinacities's Privacy Policy .

Sign up with Google Sign up with Facebook
Sign up with Email Already have an account? .
Posts: 415

Shifu

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Q: Can a foreigner buy an old house in a village?

Is it possible to buy an old house in a village? I thought I read something here that said you could , and it would cost about 30,000RMB. Too me that would be good, I don't care about loosing face, just fix it up with a bathroom, kitchen and bedroom
Sweet!! I have a second hand car so heah!

12 years 27 weeks ago in  Housing - China

 
Answers (4)
Comments (0)
Posts: 415

Shifu

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Sorry I live in Zhejiang province

Report Abuse
12 years 27 weeks ago
 
Posts: 26

Governor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

It depends. First many properties are not officially into the real estate market and you can not buy the property and get it registered with the government agency if the property you want to buy isn't into the real estate market. Secondly, you need to find out whether the city/county where the property is located already has a government restriction imposed that forbid non-residents (not just foreigners) to purchase the property. Thirdly, is this the only property you will but in China and if you have already resided in China for one year. A foreigner is now supposed to be able to buy only one residencial property for his / her own use if he/she has already resided in China for more than a year. Checking with a local real estate agent is probably your best bet.

Report Abuse
12 years 27 weeks ago
 
Posts: 9192

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

can you do the renos yourself? It costs probably double what you guess to do a reno on a home.

Report Abuse
12 years 27 weeks ago
 
Posts: 5

Governor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

With the real estate market in China continuing to thrive, it is no wonder why more and more foreign individuals and companies are looking to invest in property here. As a result, the Chinese authorities have set out various regulations to be taken into consideration in order to ensure the healthy development of the property market. Foreign individuals must possess a one year work visa and they are only allowed to purchase one unit of residential property each. A foreign company is only allowed to purchase commercial property for office purposes, and the property must be situated in the location of the company’s registered branch or representative office. Our experienced lawyers will carefully guide you through all the formalities, helping you to sidestep any restrictions to leave you with the best result to meet your individual or business needs.

 

Many foreigners find the process of purchasing property in China an extremely daunting one and as a result they purchase property in the names of Chinese citizens. The foreign individual then becomes the real owner of the property and the Chinese citizen becomes the apparent owner. These kinds of relationships inevitably give rise to very unpleasant disputes in the long-term.

 

However, by registering a Wholly Foreign Owned Enterprise (WFOE) in China can a foreign individual and foreign company obtain direct and total access to Chinese real estate market. The newly set up company is treated as a Chinese legal entity and therefore free to purchase all kinds of properties in the name of the company. As the owner you will receive a Chinese (Z) Work Visa valid for 2 years which will allow you to purchase residential property. Establishing your business as a WFOE requires a minimum registered capital amount of RMB 100,000 which will give you full control over your company. If you have any inquiries on this issue, please search jay and shaw to get your answers. I am more than willing to help you.

Report Abuse
12 years 22 weeks ago
 
Know the answer ?
Please or register to post answer.

Report Abuse

Security Code: * Enter the text diplayed in the box below
Image CAPTCHA
Enter the characters shown in the image.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <br> <p> <u>
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Textual smileys will be replaced with graphical ones.

More information about formatting options

Forward Question

Answer of the DayMORE >>
A:  "... through ..."?  Only "through" comes to mind is "S
A: "... through ..."?  Only "through" comes to mind is "Shenzhen agent can connect you with an employer, who's authorized to hire waigouren ... and can sponsor Z visa." It's not like every 10th person you meet in Shenzhen's hood can sponsor work visa ...  The only way to change from student to labourer visa is just a regular way by: 1. Finding an employer, who'll apply for an Invitation letter; 2. Exit China and apply for Z visa in your home country's Chinese embassy; 3. Enter China in 30-days after Z visa was stamped into your travelling instrument ...As I am aware, you won't be able to switch to Working permit by remaining in China....,so make ready for a return to your home .... -- icnif77