The 5 Cheapest Places To Buy Property In China

Not only is China a very large company but it also has one of the strongest economies on the planet and that economy is continuously growing. Nevertheless, just as in any other country on the planet the country has a lot of diversity and therefore there is a huge difference in the cost of living from one city or province to another. Because of the high cost of living in cities such as Beijing and Shanghai many people are seeking alternative places in which to purchase properties.

Fortunately, there are several cities in China which are known to provide a more affordable level of existence. Many people living in Shanghai and Beijing are now seeking properties in one of these more affordable places. It’s important to remember that just about all visitors will require a visa before you will be able to enter China.

Jilin

This city of Jilin is located in the northern regions of China and contrary to other areas of this country, this area surrounding Jilin is less populated. There are also many Korean people in this area and in this regard, it is quite a unique place to stay since it differs somewhat from other cities and towns in China. Apartments can be purchased from approximately $137880.

Chengdu

An apartment in this city will cost approximately 25,000 yuan per square meter which converts to roughly $3600 per square meter. Chengdu is located in the province of Sichuan and in fact this city is also the capital of that province. This city has become known for its extremely spicy cuisine. This city has become known as a very suitable location for those who desire to learn Chinese and also to become more accustomed with the food and customs of the country.

Harbin

People who desire to purchase properties in this city can expect to pay approximately 21,000 yuan per square meter which converts to approximately $3000 per square meter. This city is also located in the northern regions of China just like Jilin. However, Harbin is a lot closer to the border of Russia and this is probably why there is a very nice orthodox church and many of the properties there reveal the influence of Russian architecture. This city is also become known for its vibrant winter festival where there is always giant ice sculptures.

Huangshan

A property in this city will cost approximately 20,000 yuan per square meter which converts to just below US$3000. Huangshan is a very popular city as far as tourism is concerned and this is because of the beautiful nature. However, this city is considered to be very affordable as far as residential property is concerned. Unfortunately, it does not provide much in the form of entertainment and therefore most people are involved in hiking.

Xi’an

Properties in this city will cost approximately 13,000 yuan per square meter which converts to approximately $1800 per square meter. This is the home of the famous terracota warriors. There is also a very large Muslim presence in the area which has gained a reputation for its cuisine. Xi’an does not attract as many tourists as other cities because it is far from the coast and is somewhat isolated and this is probably why property prices are extremely reasonable.