Chongqing Real Estate ... 
  Should I rent or buy an apartment in Chongqing, China?
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Chongqing Real Estate Calculator

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Chongqing 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 Chongqing.

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 Chongqing

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


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

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


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


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

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