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.
Six-day visa-free transit on offer in Kunming, other cities, beginning January 1
Posted byThe only potential sticking point that I could see is if the visitor needs to show a hotel evidence of a hotel stay.
Lijiang China's number one tourist hotspot
Posted byGreat. More tourists.
Sichuan water release devastates parts of northwest Yunnan
Posted byIf the barrier lake had filled, and then dam collapsed, the impact would have been much greater. An interesting follow up would be about formation of development of this barrier lake, and what led to the decision to act.
Beijing approves massive Changshui International Airport expansion
Posted byA thought on the aging population in China. We should not forget the economic changes that have occurred in the last two generations.
The people of retiring age over the next 10 years (50-65 now) are the generation who made the big money. What will they do with the money when they have time on their hands? One of the things they will likely do is travel.
This generation of middle class retirees is not the poor, financially dependent, aged who rely on their children for support. In fact many of them are supporting their children financially.
These people are mobile and rich enough to travel in a way that their parents could only have dreamed of. There are millions of them.
Beijing approves massive Changshui International Airport expansion
Posted byI would guess that the number of people who will be able to afford to travel by air will continue to increase, even if the population declines.
As for there being not a lot to do in Kunming, it has always been the springboard to other places in Yunnan. I just see more people using the springboard.