The Ultimate Guide to Selling Real Estate in China

[bitheerani319]

China's real estate sector contributes significantly to the country's economy, accounting for a large portion of its GDP. This sector has seen steady growth thanks to government support and market liberalization. By 2023, the total revenue of the Chinese real estate market is expected to reach $2.73 trillion. Due to China's large size and extensive urbanization, the real estate sector in China differs significantly from that of Western countries such as the US and Canada.

Our company has been successfully involved in real estate lead generation projects for kazakhstan phone number list and is also an expert in understanding what it takes to succeed in the Chinese market. In this article, we share knowledge about real estate in China based on our experience as well as insights into future trends within the booming Chinese real estate (investment) market.

Real Estate in China: Overview of the Chinese Real Estate Market
China's real estate market is one of the largest in the world, with nearly 100,000 developers and more than 2.9 million employees. Revenue from property sales has increased tenfold since 2005.

Housing prices have doubled over the past decade, with the average sales price per square meter rising from 3.8 thousand yuan in 2008 to more than 9 thousand yuan in 2019.

Different regions have experienced different price growth trends, with Beijing and Shanghai having the highest sales prices in 2019.

China's urbanization and rising GDP per capita are leading to a steady demand for new housing, resulting in house prices rising at a similar rate to GDP per capita. However, some people still find it difficult to buy an apartment.

Real estate is regarded as an investment by many Chinese, who invest a large part of their savings in it, while the government also attaches great importance to the property market.

The real estate sector is an important part of the Chinese economy, as local governments generate significant revenue from the sale of land and banks issue many property-related loans.

The government is working to stabilise the market, recognising its importance to economic stability.