What do I need to know when buying property in Macau?
When we asked expats what advice they would give a foreigner before buying a property in Macau, they said...
"1. It is important to research the local market and understand the different types of property available in Macau. 2. It is important to understand the legal requirements for purchasing property in Macau, including the need for a valid Macau ID card and a valid Macau residence permit. 3. It is important to understand the taxation system in Macau, including the stamp duty and other taxes that may be applicable. 4. It is important to understand the different types of mortgages available in Macau and the associated interest rates. 5. It is important to understand the different types of insurance available in Macau and the associated premiums. 6. It is important to understand the different types of property management services available in Macau and the associated fees. 7. It is important to understand the different types of rental agreements available in Macau and the associated terms and conditions. 8. It is important to understand the different types of maintenance services available in Macau and the associated costs. 9. It is important to understand the different types of utilities available in Macau and the associated costs. 10. It is important to understand the different types of building regulations and safety standards applicable in Macau," mentioned another expat when asked about moving to Macau.
Other Questions:
- What should I pack when moving to Macau?
- Where should I setup a bank account in Macau?
- Will I be able to find a job in Macau?
- What is life like in Macau?
- What do expats in Macau appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Macau?
- Is there a lot of diversity? Are people in Macau accepting of differences?
- What are the schools in Macau like?
- What are healthcare services like in Macau?
- What are medical services in Macau like?
- Are healthcare and health insurance expensive in Macau?
- What are emergency services like in Macau?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Macau?
- How are local medical facilities in Macau?
- As a foreigner living in Macau, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
What do I need to know when buying property in Macau?
If you live in Macau, newcomers to Macau would love to hear your answer to this question: