Should I buy or rent a home in Hong Kong?
If you have not spent a lot of time in Hong Kong, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Hong Kong can be a great investment, as property prices in the city are generally high and have been steadily increasing over the years. However, it is important to consider the cost of living in Hong Kong, which is also quite high. Renting a home in Hong Kong can be a more affordable option, as it allows you to live in the city without having to commit to a long-term purchase. Additionally, renting gives you the flexibility to move to a different area if your needs change. Ultimately, the decision to buy or rent a home in Hong Kong depends on your individual circumstances and budget," mentioned another expat when asked about moving to Hong Kong.
Other Questions:
- What do I need to know before retiring in Hong Kong?
- How do I meet people in Hong Kong?
- What is life like in Hong Kong?
- Is there a lot of crime in Hong Kong?
- Is there a lot of diversity? Are people in Hong Kong accepting of differences?
- What are the schools in Hong Kong like?
- Is the cost of living in Hong Kong high?
- What advice do you have for expats having a baby in Hong Kong?
- What are healthcare services like in Hong Kong?
- Is the cost of living in Hong Kong high?
- What type of recreational facilities are in Hong Kong?
- What is the weather like in Hong Kong?
- Are there good restaurants in Hong Kong?
- Where will I buy groceries and do other shopping in Hong Kong?
- What are the visa & residency requirements in Hong Kong?
- Are healthcare and health insurance expensive in Hong Kong?
- What do I need to know when buying property in Hong Kong?
- Are foreigners allowed to own property in Hong Kong?
- What appliances are typically included in a rental?
Should I buy or rent a home in Hong Kong?
If you live in Hong Kong, newcomers to Hong Kong would love to hear your answer to this question.
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.
