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KNOWING THE SHANGHAI HOUSING MARKET

Finding an apartment for rent in Shanghai can be hard. Local culture creates a preference for owning a home, which is a de-facto pre-requisite for marriage. The rental market is only a relatively small segment of the real estate industry in Shanghai. Since Shanghai is a migrant city, attracting Chinese and foreign talents alike, demand for good rental apartments is nevertheless high and attractive properties with a fair price tag rent out very fast, sometimes even within 24 hours.

 In order to successfully find an apartment that can be your true home away from home in Shanghai, identifying your needs & requirements is necessary. Depending on your family situation, work or study place, interests, and available housing budget, different property types and locations are preferable.
The Huangpu, Jing'an, Xuhui and Changning districts are the commercial and cultural center of Shanghai. Residential hotspots in this area are the former French Concession, Xintiandi, People's Square, Jing'an Temple, Xujiahui and Gubei. Seeing these areas are both very well listened to for singles as well as for families with children, make it exorbitant prices per visible permanent, family-sized fixture of the housing budget. Singles and couples can pay between RMB 7,000 and RMB 20,000 per month, while RMB 15,000 is the beginning of the spectrum for a 3-bedroom apartment.

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