Real Estate in Shanghai, China

Real Estate in Shanghai

Last updated on Apr 18, 2023

Summary: The most desirable neighborhoods in Shanghai, China are Xuhui, Jing'an, Huangpu, Changning, and Pudong. The average cost to buy a nice 2 bedroom home in Shanghai is around $400,000 USD, and a nice 3 bedroom home is around $600,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and high-speed internet. Foreigners are allowed to purchase properties in Shanghai, but there are restrictions on the size and type of property that can be purchased. For example, foreigners are not allowed to purchase properties larger than 140 square meters. When searching for a home to buy in Shanghai, expats should consider their budget, desired location, and the type of property they are looking for. It is also important to research the local real estate market and consult with a real estate agent to ensure that the property is in good condition and meets all legal requirements.

How do I find a place to live in Shanghai?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"If you are looking for a place to live in Shanghai, there are many options available. You could look for a place to rent through a real estate agent or apartment-finding websites such as Danke Apartment, Sango, and 5i5j. You could also search for a shared accommodation through sites such as Shanghai Furnished Apartment, Spare Room, and Airbnb. Alternatively, you could look for serviced apartments with facilities like on site gym and swimming pool, which can be viewed online on the sites of SuperBrand Mall, Shanghai City Apartment, and Oakwood Asia. You can also consider staying in hostels or hotels for short-term stays," remarked one foreigner who made the move to Shanghai, China.

"We lived in Shanghai before and wanted to start living in a familiar place, so we picked a neighborhood that we used to go to a lot," explained one person living in Shanghai, China.

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About the Author

Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.