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.
Earth's budget deficit at 160%, hope stems from trees
Posted byAs the late Prof. John Maher (economist) told me, globalization is not sustainable. In the 1980s 20% of the world's population used 80% of the world's resources. What happens when another 20% (China) wants to use resources at the same rate?
Report: Three Parallel Rivers plagued by unregulated mining
Posted byDoes anyone know what the beasts are in the second picture? They appear similar to capybara. Although I know capybara are S.American.
Yuxi begins experiment as one of China's 'Sponge Cities'
Posted byIt will also play a major part in flood prevention further downstream. I lived just outside Gloucester, England in the late 1990s. We had floods year after year caused by the large paved areas of the cities in the Midlands, up to 100 km away.
With large paved areas the water cannot soak into the ground and slowly dissipate into the ground water system. Instead the water runs straight into drains and then is piped directly into water courses. This then over flows into rivers.
In the case of Gloucestershire, to protect the large towns downstream of the cities, they basically opened the floodgates knowingly sacrificing the smaller rural towns and villages further downstream.
The idea of a sponge city is beneficial to the city, if water can be saved for later use, prevention of flash flooding in the city itself during heave downpours, and for the areas downstream that get flooded as a result of run-off from paved areas.
This is a phenomenon that has been known for many years, but as cities (especially in China) are getting larger and larger, so are the problems that they cause.
Larung Gar: Sichuan's extraordinary Buddhist retreat
Posted byYes, great photos.
Report: Yunnan to have universal preschool education by 2020
Posted byLet us hope that pre-school curriculum is not just a preparation program for the mainstream curriculum. There would be so much scope to develop children's other intelligences, leading to more rounded individuals, who can better cope with the things life will throw at them. Just having more of the same, starting earlier, will only give you what you already have; which everyone admits needs improving.