Real Estate in Beijing
Last updated on Feb 15, 2023
Summary: The most desirable neighborhoods in Beijing, China are Sanlitun, Chaoyang, Dongcheng, and Haidian. The average cost to buy a nice 2 bedroom home in Beijing is around $400,000 USD, while a nice 3 bedroom home can cost around $600,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and high-speed internet. Foreigners are allowed to purchase properties in Beijing, but there are restrictions on the size and type of property that can be purchased. For example, foreigners are not allowed to purchase properties larger than 144 square meters. When searching for a home to buy in Beijing, expats should consider their budget, desired location, and the type of property they are looking for. It is also important to research the local real estate market and consult with a real estate agent to ensure that the property is in good condition and meets all legal requirements.
How do I find a place to live in Beijing?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"I used a service called Ihouse. I did lots of research online for expat housing and knew what I wanted. I wanted a real bathroom with a toilet and shower stall and an apartment with lots of closets. I also wanted something close to a subway station. I live near jianguomen and the 2nd ring road," said one person in Beijing.
"Finding a place to live in Beijing can be a challenging task. It is recommended to start researching in advance, as rental properties tend to be filled quickly, so it's important to start looking early. Another important factor for finding a home in Beijing is to have a good understanding of the local housing market. It will be helpful to hire a real estate agent who can provide useful information and help you to find ideal properties that fit your specific requirements. Additionally, you can use online resources to facilitate your search, such as expat forums or websites including listings of available properties. Furthermore, you can explore real estate websites and apps to find appropriate living spaces, such as furnished studio apartments near the city center, lofts near tourist areas, or 3-bedroom homes in residential districts. It is helpful to physically visit the area you are interested in and be familiar with the local landscape and cost of living. Finally, it is important to make sure you understand the local laws so you can be aware of what is expected when renting a property in Beijing," remarked one foreigner who made the move to Beijing, China.
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About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Additional Information:
- Expat Guide to Beijing
- Public Transportation in Beijing
- Best Markets in Beijing
- Retire in Beijing Guide
- 7 Tips for Living in Beijing
- Driving in Beijing
- Cost of Living in Beijing
- Health Care in Beijing
- The Essential Guide to Beijing
- Healthcare & Health Insurance in China
- Best Places to Live in China
- Pros & Cons of Living in China
- Thanksgiving in Beijing
- Pros and Cons of Living in China 2024
- 2024 Guide to Moving to China