Real Estate in Beijing and What Information to Remember
One would find it a challenging task or job to find an apartment or house in Beijing, especially for foreigners planning to live temporarily or permanent in the area. Many agents or landlords do not know how to speak English, and running into them would be challenging into coming up with an agreement. It is a fact that for the past decade, there has been a big increase of prices of the real estate like in the rental area in many Chinese cities like Beijing, needing you to have a good amount of money in order to rent a good apartment in a decent area.
Note that the rental prices of apartments in the city would vary depending on the locality. For example, many expatriates prefer the Business District, Chaoyang Park or in downtown Beijing, because of the many foreign and Chinese companies located in the areas, close to the airport, has a few international schools, restaurants, and so on.
And so, whether you are setting up a home in China for personal reasons or for work assignment reasons, it is better to know some tips that will make your search and transition as easy and smooth as possible as you settle in your apartment you plan to rent.
Finding an agent is your immediate thing to do, especially when you do not have friends or colleagues who can give personal referrals in the area where you are planning to rent an apartment. One easiest way is to look at English magazines found in bars and hotels that feature details about housing, and to search online for information about real estate in Beijing.
Another way for you to find your apartment is through agencies, who will charge you for a fee, and they can give you several options that will fit our budget and your needs. Be aware that domestic agencies will attend to your request if you are looking for at least apartments costing $120 and above per month, while foreign agencies would show you rentals ranging from $500 and above per month.
Generally, the conditions of landlords are rental payment of 3 months ahead and with a contract for up to 1 year, but not short term contract or else they will be reluctant to sign the contract. Once you have found your place to stay, it is advised that you are registered at the local office of Public Security Bureau so that you will not be fined and will not have difficulty in renewing your visa.
If you are working on a budget, there are some suggestions and references to give you an idea what to look for.