Should I buy or rent a home in Guangzhou?
If you have not spent a lot of time in Guangzhou, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"If you are planning on staying in Guangzhou for an extended period of time, buying a home is often a better financial decision than renting. Owning a home will provide you the stability of not having to worry about sudden rent increases, and you can also make money on your investment if you decide to sell it in the future. Additionally, buying a home in Guangzhou gives you the opportunity to familiarize yourself with the local area and culture and create deeper roots in the community. On the other hand, renting may be a better option if you are not yet sure on how long you plan to live in Guangzhou, since it can be costlier to break a long term contract than a short term rental," mentioned another expat when asked about moving to Guangzhou, China, China.
Other Questions:
- What should I pack when moving to Guangzhou?
- Where should I setup a bank account in Guangzhou?
- Will I be able to find a job in Guangzhou?
- What is life like in Guangzhou?
- What do expats in Guangzhou appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Guangzhou?
- Is there a lot of diversity? Are people in Guangzhou accepting of differences?
- What are the schools in Guangzhou like?
- What are healthcare services like in Guangzhou?
- What are medical services in Guangzhou like?
- Are healthcare and health insurance expensive in Guangzhou?
- What are emergency services like in Guangzhou?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Guangzhou?
- How are local medical facilities in Guangzhou?
- As a foreigner living in Guangzhou, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Guangzhou?
If you live in Guangzhou, newcomers to Guangzhou would love to hear your answer to this question.