Deposit for buying a Shanghai apartment

Sorry to say the 30% is a legal requirement for buying an apartment in Shanghai.

If her parents are financially supportive and supportive of your marriage nonetheless, then this is usually how young Chinese first begin to finance their homes. There’s no stigma here for doing business between family members as there is in the west.

Aiming to end up under water, are you? This is not the time to buy an apartment in China. Yes, it’s possible that they’ll either go up in value or remain at around the same level. Smart bets these days is that they’ll drop in value. Your 30% down payment could get wiped out in a few weeks. I wouldn’t do it.

With the crap mortagages and high interest, I wouldn’t commit to one if I didn’t have 40% of that and a 10% buffer on the outstanding. I also foresee a bubble as people above me, hold on for a while. Prices are coming down. I’m assuming you want to start a family, i.e. have babies, because if not there isn’t any reason to buy one now. Even so, I’d advise to rent first, rent cheap and far, and wait. Either prices will come down, or they might lower the first home restrictions. Something will give way soon.

Look, there are a lot hidden, dangerous spikes within the ‘buying an apartment ‘ thing in China for a married couple, especially for marrying a foreigner. If there are so many controversies about buying an apartment between a Chinese couple, there will be even more for a Chinese foreigner couple, isn’t it? If things as Op says ‘YOU HAVE A PROBLEM TO RAISE DEPOSIT’, I strongly recommend you NOT to buy an apartment. Your marriage and China’s economy, which one of these is more likely to go wrong? even if your marriage is much sounder than china’s economy, then: Before a Chinese buys his or her first apartment, his or her hukou will be with parents. if Op’s wife has Shanghai HUKOU, let your child’s HUKOU follow hers. Send your future child to to Chinese public school in the early years, as it is a very good money-saving option. Then two of you can have some money to choose a good international school when your child gets older. If your wife does not have Shanghai hukou, then you should consider how to save money instead of struggling to raise money for buying an apartment. Let your future child follow your nationality, as a child with a foreign nationality can have more choices at a cheaper cost. Many well-funded public schools in Shanghai have an international department for expat children, and they are not very expensive and overcrowded, mainly due to supply and demand reasons. So, regardless of whether your marriage would go wrong or not, if you have trouble paying a deposit to buy an apartment in Shanghai, don’t buy one. Buying an apartment in Shanghai should only be considered when you can buy one of these things within your own income capacity. There is too much uncertainty ahead, not just the economy. The apartment price-to-rent ratio in Shanghai is a disaster. I promise you that a married couple can find a stable rental in Shanghai. By the time your child reaches 6th or 7th grade, your marriage will be pretty solid at that time. If you happen to be able to allocate funds to pay for a deposit for an apartment, it’s still not too late. The property market in China is near its roof, as most people in China can not afford one, and it’s waiting for the average income to catch up. Real average income is rising very slowly, as we know that too well, property prices wouldn’t go up fast. if you are not sure about something in Shanghai, the first question that comes out of your mouth will always be: “How much……”