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

Zhengzhou Real Estate Calculator

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

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


Apartments & Houses in Zhengzhou
If you are planning on living in Zhengzhou, 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 Zhengzhou to point out the negatives of a place they're trying to rent or sell you.

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

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

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

When selling a property in Zhengzhou, real-estate agents in Zhengzhou usually charge between 2.5% and 3% of the final sales price.
Monthly rent Zhengzhou:RMB
Monthly Zhengzhou rental insurance:RMB
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Zhengzhou Mortgage's annual interest rate:  %
Discount points on purchase of home in Zhengzhou:  %
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Other loan costs in Zhengzhou:RMB
Mortgage Insurance (PMI):  %
Zhengzhou Homeowner's insurance rate:  %
Monthly association dues in Zhengzhou:RMB
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Zhengzhou Annual property tax:RMB
Zhengzhou plus government income tax rate:  %
Interest rate you expect to earn on savings in Zhengzhou:  %
Expected percentage your Zhengzhou home will appreciate by each year:  %
Number of years you will stay in Zhengzhou:#
Zhengzhou Realtor commission rate:  %
Total estimated cost of renting a property in Zhengzhou:RMB
Total estimated cost of buying a property in Zhengzhou:RMB
After coming to an agreement on a rental or purchase, both parties in Zhengzhou sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Zhengzhou 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 Zhengzhou will be affixed to the agreement.

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

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

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

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

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

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

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

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

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

The Zhengzhou 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 Zhengzhou.

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 Zhengzhou

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


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

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


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


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

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