China harbours one of the world's oldest civilizations, and has recently been split into two political entities due to the last Chinese Civil War. Property and property development has become big business in China, with new sprawling cities, amazing skylines and new suburbs being built all over China comprising of new Apartments , and new houses with prices have increased significantly in recent years. The People's Republic of China (PRC) controls mainland China, Hong Kong and Macau and is more commonly known as China. The Republic of China (ROC) controls many islands, including Taiwan, and as a result is known as Taiwan.
If looking to purchase property in China it is best to source real estate online to connect with a Property Consultant who specialises in Chinese Real Estate and will guide buyers through the process.
If you are looking for China Property For Sale By Owner, or general international Real Estate For sale for sale and for rent start your search by looking in the China Real Estate For sale section of this Directory.
China has seen average housing prices rise significantly over the recent years and the property market place is split on whether the trend of upward prices will continue. The reason prices have risen seem to be related to government policies, a change in the way China views Owner ship of real estate and a growth in personal income. Only in 2012 300,000 new millionaires were created in the China market place.
Worryingly for many, it is reported that there could be as many as 64 million empty properties and Apartments in China and that housing development in China is massively oversupplied and overvalued, and is a bubble waiting to burst with serious consequences in the future. There is much talk of corruption and the country remains to operate on many levels with a great many still living in poor conditions. Chinese property though will remain a key element of the economy as it continues to move along the line of economic growth nationally and internationally.
