Real Estate in Macao, China
Last updated on Jun 06, 2024
Summary: The most desirable neighborhoods in Macao, China are Taipa, Coloane, and Nape. The average cost to buy a nice 2 bedroom home in Macao is around $1.2 million USD, and a nice 3 bedroom home is around $2 million USD. These properties typically include modern amenities such as air conditioning, high-speed internet, and modern appliances. Foreigners are allowed to purchase property in Macao, however, there are certain restrictions. For example, foreigners are not allowed to purchase property in certain areas, such as the Macau Special Administrative Region. An expat looking to buy a home in Macao should start by researching the different neighborhoods and areas to find the best fit for their needs. They should also research the local real estate market to get an idea of the current prices and availability. Additionally, they should consider hiring a real estate agent to help them find the perfect property.
How do I find a place to live in Macao?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"When looking for a place to live in Macao, a good place to start is to research property websites such as Propertyfinder.mo and Propgo. They offer a wide range of housing for rent and for sale in Macao, with different areas and types of housing. Additionally, you can find listings on websites such as Airbnb, Macaobesthomes, and houseonmacao, which offer a variety of different forms of accommodation. Once you have found a suitable property, you can contact estate agents and brokers directly to arrange a viewing. Additionally, it is a good idea to talk to locals, who can provide you with valuable advice on the best places to live, as well as other details such as the cost of living in Macao," explained one person living in Macao, China, China.
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What is a typical expat home or apartment like in Macao?
"Expat homes in Macao generally feature Western-style furnishings, spacious living areas, high-end appliances and modern technology. These residences often offer plenty of amenities, such as pools, gyms, and parking. In addition, they can come equipped with full or partial kitchens with microwaves, fridges, and larger appliances such as ovens and dishwashers. Many expat apartments in Macao have balconies or terraces offering beautiful views of the city or water. Many also have wireless internet available, as well as cable TV and air conditioning," said one expat who made the move to Macao, China.
What is the average cost of housing in Macao?
If you are thinking about moving to Macao, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Macao is high compared to other parts of the country. Housing prices in Macao are among the most expensive in China and can be quite costly for those looking to buy or rent property in the area," said one person in Macao, China.
Should I buy or rent a home in Macao?
If you have not spent a lot of time in Macao, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Macao is an attractive option for those who are looking to make a long-term investment and want to stay in the area for a while. Renting a home in Macao, China is also a reasonable choice for those who are looking for a more short-term stay or are uncertain about their future plans. Ultimately the decision between buying and renting depend on your specific situation and your individual preferences," said one person in Macao, China.
Are foreigners allowed to own property in Macao?
"Yes, foreigners are allowed to own property in Macao. The Macao Special Administrative Region (SAR) of the People's Republic of China has implemented a series of measures to facilitate foreign investment in the region. These measures include allowing foreign investors to purchase residential and commercial properties in Macao. Foreigners are also allowed to lease land for up to 50 years, with the possibility of renewal. In addition, foreign investors are allowed to own and operate businesses in Macao," explained one foreigner living in Macao, China.
What appliances are typically included in a rental?
We asked foreigners in Macao what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Macao, rental properties typically come with a range of appliances, such as a stove, refrigerator, washing machine, dryer, air conditioning unit and water heater. In addition, some homes may also include a dishwasher, microwave or other small appliances," remarked one foreigner who made the move to Macao.
Additional Information about Searching for a Home in Macao:
We asked foreigners in Macao what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Macao by looking online for real estate websites that specialize in the area, such as Macau Property Finder, or by contacting a local real estate agent who can provide more information about the local market. Additionally, expats can search for rental listings on websites such as Expat.com or Macau Living, or join local expat groups on social media to ask for advice and recommendations," said one person in Macao.
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.