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Thread: Planning to go to retire & live in China
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[quote=GAFFER,416579]Very few individuals own land in China, it all belongs to "the people". When you buy a property you actually lease the land. The lease term is determined by an agreement between the developer and the local government and can be anything from 40 - 70 years. As this is relatively new there is some uncertainty about what happens at expiry, but it is expected to be renewable.....(if the property is still standing). I believe you can buy in joint names if you have residency in China but there are some rules about foreigners only being allowed to buy one property (to limit foreign owned property speculation). Rules also vary from region to region. You need legal advice in the area you are considering purchase.[/quote]
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