Thanks to the economic development, more and more foreigners choose to settle down in Guangzhou

As the international and cultural communication become more and more frequent, more and more foreigners make a living in Guangzhou. The China Import and Export Commodities Fair, the comprehensive international trade exhibition held twice a year, has the longest history, highest level, largest scale, all ready commodities, most attending businessmen and best business effect. More than 100,000 foreign businessmen will come here every year. The prospering of the fair has promoted the foreign trade and the short-term lease market in Guangzhou. As introduced by the My Top Home professional, because the hotel rooms are limited and expensive, a lot foreigners look for the short-term lease before the fair. The properties near Pazhou exhibition, Liuhua exhibition, north of Tianhe, Pearl New Town are most popular. For example, the rent for short-term lease of The Concordia has exceeded RMB 100/sqm/month, while the rent of the Twin Cities International and Galaxy International in Pearl New City metro station is around RMB 80/sqm/month. The short-term rent for recently finished Fuli Edinburgh International Single Apartment is RMB 300/sqm/month, which is almost double the long-term rent. The MyTopHome professional said that some businessmen will buy properties in Guangzhou considering living in Guangzhou for 3 to 4 months per year for the fair and the rapid development of real estate in Guangzhou.

Mr Brown is the Canadian merchant and has attended The China Import and Export Commodities Fair for 10 years. He is going to buy one apartment in Pearl New City whose price is about 15,000 per sqm. Mr Brown said that he has a very intimate connection with the Chinese enterprises and will come to the China Import and Export Commodities Fair every year in the future. Considering the long time to stay in Guangzhou with a high expense, he prefer to buy a property in Guangzhou for self use during the fair and rent it out in the normal time. Mr Brown said that even it can't be rent out in normal times, it is worth investing because of the large appreciation room.

As shown by the MyTopHome professional, the foreign market for the real estate in Guangzhou is quite big. The foreign merchants, stuffs in Guangzhou branches of international companies and the students studying abroad are the main source of guests who have relatively strong economic power. Besides the nearby area of Canton Fair Exhibition, Tianhe North and Pearl New Town, the foreigners gathering places like Huansi East Road and Taojin Road are chosen by many foreigners. High-quality apartments with perfect management are most preferable by foreigners, such as the Taojin Garden and the Concordia whose prices are from 10k to 15k per sqm. Considering the relative national regulations for foreigners, the followings are some tips from MyTopHome Property Agency.

According to the related laws and legislations, 3 requirements must be fulfilled for the foreign institutions and customers to buy a house in China: 1 put the information on record in the land and house management department. 2 having worked or studied in China for over a year( this is not necessary in buying the second-hand houses). 3 use the real personal name to buy the house. The identity certification and property information are needed for changing the name of the owner in a register and the necessary fare is charged according to the practical situation. If the foreigners entrust the Guangzhou residents to buy the house, he can choose to make the entrust proof in the embassy which he lives now, or handle the entrust procedures by himself in Guangzhou. Meanwhile, the proof documents of identity and marriage are required to offer. If the foreigner needs the mortgage loan, he can get the procedures done by foreign and local banks based on the repayment ability. More details can be consulted with all the big banks or professional mortgage company.