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Q: Do you have a house or apartment.
Does anyone actually own a house and is here for the long haul, or do you have an apartment? If you have a house I'm interested to know what the process was like? If apartment was the the process like especially with the contact agreement?
Foreigners can't buy property. I live in airports. bus stations, the occasional bank lobby and if its nice then outside, a nice bench on a busy street. Why rent or buy when you can live for free?
I have one but it's in my Chinese wife's name. We tried to do joint names but it was just too difficult. Am I worried about divorce because in that case, it goes to the owner as listed by name? No more than how I got screwed in Australia anyway (she got the mine, I got the shaft).
I believe that foreigners cannot get a home loan so you will need all the money to get started on the process. Like TedDBayer I have heard that foreigners cannot own property but I've also heard about foreigners buying apartments in some of Shanghai's high-flier developments.
I also know that the land always belongs to the Chinese nation (read CCP) so you really only have a long-term lease or as long as they like you. That's how they can do forced evictions.
bkmulder:
In SH even stricter, so in other cities for sure no problem.
A Dutch friend bought recently a house, on her passport name, mortgage in RMB, no chinese name, no chinese husband, no chinese quanxi, not wealthy.
Just a simple residential place for herself because she is Dutch-Chinese. She can only buy one property.
Foreigners can buy a house/property. Only not so easy as Chinese.
You need to work at least a year in China and also only residential property, no commercial.
You need to use your Chinese name.
You can apply for mortgage in RMB.
The big question is, why you wanna do it?
There are many countries in the world more attractive before I ever recommend to buy in China. The affordability ratio in China is bad!
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