Unless you have paid tax in Kunming for 12 months you cannot get a mortgage. New regulation. Affects Chinese nationals as well.
If you already own one property in China, you cannot buy a second property in Kunming, unless you have a Kunming HuKou (Household ID, for Chinese nationals). Even with cash. New regulation.
If you already own 2 or more properties in China, you cannot buy in Kunming, even with cash. New regulation
Unless you have been resident in China for 12 months, you cannot buy property. Old regulation.
Regards real estate agents, things work differently to how they do back home. People who have property go to their local real estate agent, and this can be really local. Often 10 agents will have the same prop in the window, but only one will have the keys. There can be as many as 30 independent real estate agents in one small area.
Best way to find property is to go to the neighbourhoods where you think you could live. Have a good walk around to get a feel for the place, and look at buildings you might like to live in.
Look at local agents windows. There will always be at least one that looks more professional, possibly part of a chain. Hit these first. If you can, find an interpreter that you can trust not to try and act like an agent and try to get a commission.
Deposits vary, usually 2 months rent. You may also be expected to stump up the first 3 months rent in advance, but not always. The agent may expect a finders fee of one months rent (you pay), but this is easily negotiated down.
If you are looking to rent higher end accommodation or a house, there is a shortage of this type of property in Kunming. We tried to find 'middle class' prop of over 150m around Green Lake a few month ago. There were only 2 apartments available. We also looked for houses in the Dianchi area, only about 6, and only two were suitable.
There is a lot of empty prop around Kunming, but most of it not decorated (no kitchen, no bathroom), and of the little that is decorated many are unfurnished.
Lijiang vendors strike, protesting old town entry fee
发布者Back on topic. The local business can make their feelings known this way. But in the long run, the government knows that these business owners are ultimately hurting themselves more. It is a catch 22 situation.
Lijiang vendors strike, protesting old town entry fee
发布者Property taxes would be easy to enforce, as there is a registered owner(s), and may help get rid of a lot of zombie properties. We know a guy who owns over 30 properties, well at least his company does. All of these properties are empty. Companies have these 'assets' on the books often at optimistic values. A company owns a house where we are. They want about 30% over market value for it, only then will they sell.
People may think, 'Zombie property, so what?'. If an area has low occupancy, no small businesses can flourish, and the local economy can be in a downward spiral.
If people/companies have to pay tax on empty property it becomes a liability as well as an asset. It is also possible to charge a higher levy on empty property, if a government chooses to do so. They are talking about doing this in London.
A conversation with brewer and pub owner 'Uncle John'
发布者Thanks. Sounds good.
A conversation with brewer and pub owner 'Uncle John'
发布者I did, but my eyes aren't that good.
A conversation with brewer and pub owner 'Uncle John'
发布者Does anyone know his ballpark prices?