Should I rent or buy an apartment in Harbin, China
Flag of China
China Travel and Hotel Guide

Harbin Real Estate Calculator

Finding a Home In Harbin
If you plan to rent or buy a property in Harbin, finding your property will be a major step in your relocation to Harbin. If you have not lived in Harbin, you should rent rather than buy your property in Harbin, at least for six months. If you would like to rent or buy a real-estate property in Harbin you may email us at yatang@lvwo.com with your real-estate questions.

It is the best way to know not only if Harbin is the place you want to live or retire for the next few years, but also if Harbin is suited for you.

Apartments & Houses in Harbin
If you are planning on living in Harbin, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don't count on real-estate agents in Harbin to point out the negatives of a place they're trying to rent or sell you.

Harbin Agencies
Real-estate agencies in Harbin advertise in local Harbin newspapers and as well on their office windows.

You should be able to notice a real estate agency in Harbin by the window full of ads for the different apartments or houses they have available for rent or sell in Harbin.

Before you begin working with an agency in Harbin, check that their fees are acceptable and that they are a member of the Harbin Real-estate Assocation. In most rental agreements in Harbin most agencies charge a month's rent for a twelve-month rental agreement.

When selling a property in Harbin, real-estate agents in Harbin usually charge between 2.5% and 3% of the final sales price.
Monthly rent Harbin:RMB
Monthly Harbin rental insurance:RMB
Expected annual inflation rate in Harbin:  %
Purchase price of property in Harbin:RMB
Down payment amount:RMB
Length of Harbin mortgage term (years):#
Harbin Mortgage's annual interest rate:  %
Discount points on purchase of home in Harbin:  %
Origination fees:  %
Other loan costs in Harbin:RMB
Mortgage Insurance (PMI):  %
Harbin Homeowner's insurance rate:  %
Monthly association dues in Harbin:RMB
Average monthly maintenance of Harbin property:RMB
Harbin Annual property tax:RMB
Harbin plus government income tax rate:  %
Interest rate you expect to earn on savings in Harbin:  %
Expected percentage your Harbin home will appreciate by each year:  %
Number of years you will stay in Harbin:#
Harbin Realtor commission rate:  %
Total estimated cost of renting a property in Harbin:RMB
Total estimated cost of buying a property in Harbin:RMB
After coming to an agreement on a rental or purchase, both parties in Harbin sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Harbin with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Harbin will be affixed to the agreement.

Renting
Real estate agencies in Harbin are the safest way if you want to rent or buy a property in Harbin. Please make sure they are a licensed agent in Harbin and very familiar with the Harbin property market.

Local newspapers in Harbin also advertise apartments and houses for rent, but word of mouth is the best way in Harbin. If you are currently an academic in Harbin, you could check local at local universities in Harbin, where apartments or rooms for rent are commonly posted.

In general rental rates in Harbin, increase by a small percentage each year in accordance with the government's annual cost of living reports in Harbin. You can find yearly leases in Harbin, and more short-term housing is available near academic institutes or around tourism areas within Harbin.

Short-term tourist housing in Harbin is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Harbin.

If you want to buy a property in Harbin, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Harbin to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Harbin.

If you are buying a brand new property, you'll need to pay property tax in Harbin. If your purchase is a luxury property, you may have to pay local taxes in Harbin and possible stamp duty.

Even as a non-resident homeowner in Harbin, you may become liable for all kind of taxes in Harbin, including income tax.

Harbin Mortgages
If you plan to take a mortgage in Harbin you need at least a 20% downpayment of the purchase price of the property in Harbin. Even if you generate rental-income from renting your Harbin property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Harbin Real Estate calculator will help you to compare the costs of renting a house or condo in Harbin to the costs of buying a house or condo in Harbin. Since there are all kinds of forces at work behind the scenes such as the current interest in Harbin, Harbin property taxes, tax savings, appreciation in general to investments in Harbin, comparing the cost of renting to the cost of buying in Harbin is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Harbin Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Harbin.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Harbin

  • Harbin Multi-Family
    Traditional, multi-family residential complexes located in Harbin and suburban markets of Harbin.


  • Harbin Mixed-Use
    Properties in Harbin that integrate and combine residential with different uses, including retail and office spaces.

  • Harbin Office
    Traditional office or office type properties in Harbin.


  • Harbin Retail
    Properties in Harbin with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Harbin.


  • Harbin Light Industrial
    Single- or multi-tenanted spaces in Harbin used for warehouse, manufacturing, distribution, or research and development in Harbin.

Beijing Real Estate - Xian Real Estate - Shanghai Real Estate - Hong Kong Real Estate - Jinan Real Estate - Guangzhou Real Estate - Guangdong Real Estate - Chengdu Real Estate - Xiamen Real Estate - Zhengzhou Real Estate - Kowloon Real Estate - Shenzhen Real Estate - Beihai Real Estate - Dalian Real Estate - Nanjing Real Estate - Chongqing Real Estate - Hangzhou Real Estate - Harbin Real Estate - Kunming Real Estate - Pudong Real Estate - Qingdao Real Estate - Wuhan Real Estate - Shenyang Real Estate - Tianjin Real Estate - Shaanxi Real Estate - Sichuan Real Estate

China Hotels | Hotel Bookings | China Domestic Flights | China International Flights | Travel in China!