What do I need to know when buying property in Macau?
When we asked expats what advice they would give a foreigner before buying a property in Macau, they said...
"1. It is important to research the local market and understand the different types of property available in Macau. 2. It is important to understand the legal requirements for purchasing property in Macau, including the need for a valid Macau ID card and a valid Macau residence permit. 3. It is important to understand the taxation system in Macau, including the stamp duty and other taxes that may be applicable. 4. It is important to understand the different types of mortgages available in Macau and the associated interest rates. 5. It is important to understand the different types of insurance available in Macau and the associated premiums. 6. It is important to understand the different types of property management services available in Macau and the associated fees. 7. It is important to understand the different types of rental agreements available in Macau and the associated terms and conditions. 8. It is important to understand the different types of maintenance services available in Macau and the associated costs. 9. It is important to understand the different types of utilities available in Macau and the associated costs. 10. It is important to understand the different types of building regulations and safety standards applicable in Macau," commented one expat who made the move to Macau.
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Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.
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Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
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- What do I need to know when buying property in Macau?
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What do I need to know when buying property in Macau?
If you live in Macau, newcomers to Macau would love to hear your answer to this question: