Would you live in a haunted house?
Confucius once said, “respect ghosts and gods, but keep away from them.” And when it comes to buying a home, Chinese people seem to have taken his advice.
Belief in the supernatural is so strong in China that it can substantially affect home prices in Beijing, one of the hottest real estate markets in the country. For discerning buyers, discounts as steep at 30% are on the offing… if you don’t mind sharing your home with a ghost.
“According to Chinese traditions, houses with unnatural deaths are unlucky,” said Xu Donghua, branding director of the Beijing real estate agency Home Link.
After one client complained about being unaware of the haunted past of a property he was sold, Xu’s company set up a registry of over 900 such homes in the capital.
Many Beijingers adamantly refuse to live in haunted houses no matter what the discount. Nevertheless, while the market for paranormal property is more limited, it is definitely real.
According to Xu, the elderly and people with rich life experience, like doctors and policemen, make good buyers. Foreigners, too, are open if the price is right, and investors who hope to make a profit reselling.