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," explained one expat living in Macau.
Other Questions:
- What do I need to know before retiring in Macau?
- How do I meet people in Macau?
- What is life like in Macau?
- 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?
- Is the cost of living in Macau high?
- What advice do you have for expats having a baby in Macau?
- What are healthcare services like in Macau?
- Is the cost of living in Macau high?
- What type of recreational facilities are in Macau?
- What is the weather like in Macau?
- Are there good restaurants in Macau?
- Where will I buy groceries and do other shopping in Macau?
- What are the visa & residency requirements in Macau?
- Are healthcare and health insurance expensive in Macau?
- What do I need to know when buying property in Macau?
- Are foreigners allowed to own property in Macau?
- What appliances are typically included in a rental?
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: