Should I buy or rent a home in Wuhan?

If you have not spent a lot of time in Wuhan, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"When deciding whether to buy or rent a home in Wuhan, there are a number of factors to consider. Depending on your current financial situation and long-term goals, either option may be a viable and wise choice. With the purchase of a home, comes the potential of increased equity and real estate appreciation, as well as the satisfaction of owning property. On the other hand, if you plan to stay in the city for a short period of time, renting may be a more sensible decision. Additionally, renting will also spare you from having to deal with the maintenance and other costs associated with homeownership. Ultimately, it's important to consider your individual circumstances to decide if buying or renting is the best option for you," commented one expat who made the move to Wuhan, China, China.

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