Real estate in Shanghai offers a helping hand to foreign expats hit hard by global downturn

Hundreds of thousands of people across the world are affected by global downturn. While some have lost their jobs, others have failed to keep their business going. If you are one of those and are looking for some respite, you may relocate to Shanghai. Shanghai offers various job opportunities to expatriates. Moreover, the cost of living is relatively low in Shanghai which would further help you sail through the so called high tide of recession.

Yet another reason why you should relocate to Shanghai is the huge variety available in expatriate rental property. Shanghai real estate caters to varied accommodation needs and budgets. There is Shanghai property for a monthly rental of US$1500 as well as that with US$ 15,000. Such a wide rental bracket allows expats to find property in Shanghai easily and quickly.

The best thing about real estate in Shanghai is that it does not make foreign expats compromise on the quality of accommodation that they are used to. For instance, Old Shanghai properties (including old garden houses, old lane houses, and old apartments) are constructed around the theme of low-rise European style of architecture. They are extremely beautiful and elegant to look at. You may find old Shanghai properties in peaceful Shanghai areas like the Former French Concession Area, Xintiandi, and Jing'an Temple area.

Old Shanghai properties offer all basic amenities and are ideal for a decent, comfortable living. You would find old property in Shanghai equipped with large gardens, modern fixtures and lightings, chimney, antique furniture, and window frames. The rental of old properties in Shanghai is generally between US$1500 and US$5000 for old Shanghai apartments and US$5000-US$15000 for old Shanghai garden houses.

Another attractive component of real estate in Shanghai is New Shanghai properties including new villas and new apartments. New properties in Shanghai complement the Western Style of living. Thave large open spaces, modern club facilities, gymnasium, swimming pool, sport facilities, restaurants, 24 hour security management, housekeeping, gardening, and other on-site facilities to offer the same comfort and convenience to foreign expatriates that they were enjoying back home.

New Shanghai property is located in Pudong, Xintiandi, Jing'an, Hongqiao, Zhudi Town area, Gubei area, Green City area, and Zhangjiang High-tech Park area. Based on the location and amenities, you may get a new Shanghai apartment for a monthly rent between US$1500 and US$8000. And, if you are interested in Shanghai villa, then you might have to pay somewhere between US$3000 and US$15,000.

As well as comfortable accommodation, real estate in Shanghai offers the convenience of shopping malls, restaurants, hotels, grocery stores, business centers, and other attractions in Shanghai. Both, old and new properties in Shanghai are well connected and allow foreign expatriates to reach anywhere easily.

For detailed information on real estate in Shanghai, shanghai properties, property in shanghai, and Shanghai real estate agents, you may log onto www.newportchina.com