The Chinese real estate market has a rather short experience of functioning, but despite this circumstance has already managed to establish itself exclusively from the positive side. Currently, Chinese real estate is the most reliable and justified platform for investing financial resources. China’s financial system feels quite stable. Most of modern investors pay primary attention to the stability of the market, which in the era of all kinds of financial and economic upheavals is more than justified.
Foreign real estate investors began the development of this territory relatively recently, since 2001. It was from this period that foreigners got the opportunity to acquire not only commercial, but also residential real estate. Despite this, even in some regions, restrictions on the purchase of housing by foreigners continue to apply. In the capital of China, this restriction was removed only in 2002.
As a result of the entry into the domestic real estate market of foreign investors, the value of real estate, starting since 2001, slowly but confidently crawled up. A large number of all kinds of solutions are presented on the market: here you can buy a small apartment for $ 100 thousand, and if you wish, get a luxurious mansion of several million dollars.
The most popular among non -residents of the country is real estate located on the island called Hainan, there is also the province of the same name. In this place, it was possible to reunite the entire local flavor of China and the European quality of service. Small apartments in size of up to 48 square meters can be purchased for 180 thousand American dollars, but the villa next door to 107 square meters will cost 0.75 million dollars. All real estate sold on the local market is fully equipped with furniture. Of great interest among foreign buyers in China are caused by real estate objects in Beijing. They are acquired mainly for subsequent surrender to lease use. The average per square meter of residential real estate in the country starts from 650 American dollars, it all depends on the area of the object.
At the same time, foreigners have the fullness of housing rights, as well as the indigenous inhabitants of the country.