Shanghai is the financial hub and Chinese city that has deserved the most attention in the past decade.
There are not many articles covering the topic how foreigners can buy property in Shanghai, so I decided to write one myself.
In this one, you’ll learn more about regulations to foreign ownership, Shanghai’s property market, average prices, popular real estate agents and more.
Can foreigners buy property in Shanghai?
I’ve already written a complete article explaining how foreigners can buy property in China.
Even if regulations are similar on a national level, prices have soared in Beijing and Shanghai, which has resulted in some additional requirements. Below I’ve listed some regulations to foreign ownership in Shanghai that are worth noting.
How many units can I buy?
You can buy one unit, after you’ve worked or studied in China for a time period of a year. This applies to the whole of China and understandably, you need to provide a number of documents to prove so:
- Employment contract and tax records
- Local work permit
- Resident permit