Hangzhou Real Estate ... 
  Should I rent or buy an apartment in Hangzhou, China?
China Travel and Hotel Guide

Hangzhou Real Estate Calculator

Finding a Home In Hangzhou
If you plan to rent or buy a property in Hangzhou, finding your property will be a major step in your relocation to Hangzhou. If you have not lived in Hangzhou, you should rent rather than buy your property in Hangzhou, at least for six months. If you would like to rent or buy a real-estate property in Hangzhou you may email us at webmaster@cnta.hk with your real-estate questions.

It is the best way to know not only if Hangzhou is the place you want to live or retire for the next few years, but also if Hangzhou is suited for you.

Apartments & Houses in Hangzhou
If you are planning on living in Hangzhou, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don't count on real-estate agents in Hangzhou to point out the negatives of a place they're trying to rent or sell you.

Hangzhou Agencies
Real-estate agencies in Hangzhou advertise in local Hangzhou newspapers and as well on their office windows.

You should be able to notice a real estate agency in Hangzhou by the window full of ads for the different apartments or houses they have available for rent or sell in Hangzhou.

Before you begin working with an agency in Hangzhou, check that their fees are acceptable and that they are a member of the Hangzhou Real-estate Assocation. In most rental agreements in Hangzhou most agencies charge a month's rent for a twelve-month rental agreement.

When selling a property in Hangzhou, real-estate agents in Hangzhou usually charge between 2.5% and 3% of the final sales price.
Monthly rent Hangzhou:RMB
Monthly Hangzhou rental insurance:RMB
Expected annual inflation rate in Hangzhou:  %
Purchase price of property in Hangzhou:RMB
Down payment amount:RMB
Length of Hangzhou mortgage term (years):#
Hangzhou Mortgage's annual interest rate:  %
Discount points on purchase of home in Hangzhou:  %
Origination fees:  %
Other loan costs in Hangzhou:RMB
Mortgage Insurance (PMI):  %
Hangzhou Homeowner's insurance rate:  %
Monthly association dues in Hangzhou:RMB
Average monthly maintenance of Hangzhou property:RMB
Hangzhou Annual property tax:RMB
Hangzhou plus government income tax rate:  %
Interest rate you expect to earn on savings in Hangzhou:  %
Expected percentage your Hangzhou home will appreciate by each year:  %
Number of years you will stay in Hangzhou:#
Hangzhou Realtor commission rate:  %
Total estimated cost of renting a property in Hangzhou:RMB
Total estimated cost of buying a property in Hangzhou:RMB
After coming to an agreement on a rental or purchase, both parties in Hangzhou sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Hangzhou with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Hangzhou will be affixed to the agreement.

Real estate agencies in Hangzhou are the safest way if you want to rent or buy a property in Hangzhou. Please make sure they are a licensed agent in Hangzhou and very familiar with the Hangzhou property market.

Local newspapers in Hangzhou also advertise apartments and houses for rent, but word of mouth is the best way in Hangzhou. If you are currently an academic in Hangzhou, you could check local at local universities in Hangzhou, where apartments or rooms for rent are commonly posted.

In general rental rates in Hangzhou, increase by a small percentage each year in accordance with the government's annual cost of living reports in Hangzhou. You can find yearly leases in Hangzhou, and more short-term housing is available near academic institutes or around tourism areas within Hangzhou.

Short-term tourist housing in Hangzhou is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Hangzhou.

If you want to buy a property in Hangzhou, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Hangzhou to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Hangzhou.

If you are buying a brand new property, you'll need to pay property tax in Hangzhou. If your purchase is a luxury property, you may have to pay local taxes in Hangzhou and possible stamp duty.

Even as a non-resident homeowner in Hangzhou, you may become liable for all kind of taxes in Hangzhou, including income tax.

Hangzhou Mortgages
If you plan to take a mortgage in Hangzhou you need at least a 20% downpayment of the purchase price of the property in Hangzhou. Even if you generate rental-income from renting your Hangzhou property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Hangzhou Real Estate calculator will help you to compare the costs of renting a house or condo in Hangzhou to the costs of buying a house or condo in Hangzhou. Since there are all kinds of forces at work behind the scenes such as the current interest in Hangzhou, Hangzhou property taxes, tax savings, appreciation in general to investments in Hangzhou, comparing the cost of renting to the cost of buying in Hangzhou is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Hangzhou Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Hangzhou.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Hangzhou

  • Hangzhou Multi-Family
    Traditional, multi-family residential complexes located in Hangzhou and suburban markets of Hangzhou.

  • Hangzhou Mixed-Use
    Properties in Hangzhou that integrate and combine residential with different uses, including retail and office spaces.

  • Hangzhou Office
    Traditional office or office type properties in Hangzhou.

  • Hangzhou Retail
    Properties in Hangzhou with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Hangzhou.

  • Hangzhou Light Industrial
    Single- or multi-tenanted spaces in Hangzhou used for warehouse, manufacturing, distribution, or research and development in Hangzhou.

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