How to buy a house under Hangzhou’s purchase restrictions: latest policies and house buying guide
Recently, Hangzhou’s real estate market policy adjustments have attracted widespread attention, and the relaxation of purchase restriction policies has provided new opportunities for home buyers. This article will combine the hot topics and hot content on the Internet in the past 10 days to explain in detail the latest changes in Hangzhou's purchase restriction policy, and provide structured data and analysis to help you understand how to successfully purchase a house in Hangzhou.
1. Latest adjustments to Hangzhou’s purchase restriction policy (October 2023)
According to the latest policies issued by the Hangzhou Municipal Housing Security and Real Estate Administration Bureau, the purchase restriction areas and conditions in Hangzhou have been adjusted. The specific contents are as follows:
| area | Purchase restriction policy | Applicable people |
|---|---|---|
| Shangcheng District, Gongshu District, Xihu District, Binjiang District | Local household registration is limited to 2 units, non-local household registration requires 1 year of social security/personal tax | All home buyers |
| Yuhang District, Xiaoshan District, Qiantang District | Cancel purchase restrictions and no social security/personal tax required | Non-local registered home buyers |
| Linping District, Fuyang District, Lin'an District | Completely cancel purchase restrictions | All home buyers |
2. Popular real estate and price trends in Hangzhou
According to recent market data, the sales status and prices of some popular properties in Hangzhou are as follows:
| Property name | area | Average price (yuan/㎡) | Recent popularity |
|---|---|---|---|
| Greentown · Xiaofeng Yinyue | Yuhang District | 45,000 | high |
| Vanke·Future Sky City | Xiaoshan District | 38,000 | high |
| Binjiang·Looking at the waves reflecting the moon | Qiantang District | 33,000 | in |
| Sunac Forest and Sea | Lin'an District | 18,000 | in |
3. Self-examination guide for house purchase qualifications in Hangzhou
If you plan to buy a house in Hangzhou, you need to first confirm whether you are qualified to buy a house. The following are the key points for self-examination:
1.local household registration: Families are limited to purchase 2 units, and singles are limited to 1 unit (restricted purchase area).
2.Non-local household registration: In purchase-restricted areas, one-year social security or personal income tax certificate is required; in non-purchase-restricted areas, there is no requirement.
3.Talent house purchase: Home buyers who meet Hangzhou’s high-level talent standards can enjoy priority lottery and other policies.
4. Hangzhou house purchase process and precautions
1.Qualification review: Submit materials for review through the "Zhejiang Office" APP or the window of the Housing Management Bureau.
2.Fund preparation: The minimum down payment ratio for the first home is 30%, and the minimum down payment ratio for the second home is 40%.
3.Lottery room selection: Popular properties need to participate in lottery, and the winning rate is generally low.
4.Loan processing: The current loan interest rate for the first home in Hangzhou is 4.0% (LPR-20BP), and the loan interest rate for the second home is 4.8%.
5. Expert advice and market outlook
1.Policy window period: The current relaxation of purchase restrictions is a good time to buy a house, especially in non-restricted areas where the price is more cost-effective.
2.Region selection: Emerging areas such as Yuhang and Xiaoshan have great development potential and their supporting facilities are gradually improving.
3.long term holding: Hangzhou’s infrastructure has been upgraded after the Asian Games, and its real estate value-preserving ability is strong.
Hangzhou's real estate market policy adjustments provide more choices for home buyers who are in urgent need and those who want to improve their homes. It is recommended that home buyers reasonably plan their home purchase strategies based on their own needs and financial situation. If you need further information about specific property information or policy details, you can consult your local real estate agency or housing authority.
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