Is there a purchase restriction in Yancheng? Yancheng purchase restriction policy 2019 Conditions for foreigners to buy a house in Yancheng

Yancheng is a prefecture-level city in Jiangsu Province. Relatively speaking, it is also a city with good economic development. In recent years, incidents of real estate speculation have emerged one after another. In response to this situation, the government has introduced purchase restriction policies in many areas. Let’s take a look at Yancheng’s purchase restrictions with the editor. By the way, let’s talk about Yancheng’s purchase restriction policy in 2019 and the conditions for foreigners to buy a house in Yancheng.

1. Is there a purchase restriction in Yancheng?

Is there a purchase restriction in Yancheng? Currently, Yancheng has implemented a purchase restriction policy.

1. Purchase restricted areas

High-tech Zone Western Park, Jinjiang District, Qingyang District, Jinniu District, Wuhou District, Chenghua District, Longquanyi District, Xindu District, Wenjiang District, Shuangliu District District, Pidu District area.

2. Conditions for purchase restrictions

To purchase a house in a purchase-restricted area, the buyer must have a household registration in the purchase-restricted area, or be stably employed in the purchase-restricted area and pay social insurance continuously for 24 months. above.

Notes on purchase restrictions in Yancheng:

1. Residents who are not registered in this area are not allowed to purchase housing in purchase-restricted areas by paying back social insurance. Housing management, human resources and social security departments and other departments must effectively perform their duties, strengthen departmental collaboration, strengthen the review of home purchase qualifications, and ensure that housing purchase restriction measures are implemented.

2. The purpose of prohibiting one person and multiple parties and purchasing restrictions is to stabilize housing prices and also to inhibit real estate speculators.

2. Yancheng Purchase Restriction Policy 2019

1. Yancheng Purchase Restriction Policy 2019 regulates house purchases. The policy for first homes exceeding 144 square meters is 3%. The new policy will no longer divide The limit of 144 square meters is uniformly stipulated as 1.5% for houses over 90 square meters.

2. For the second set of improved housing, the original policy stipulates that 90 square meters and below is 3%, the new policy is 1%; the original policy stipulates that the second set of improved housing is 90 square meters or more, the new policy is 3% 2%.

3. At the same time, the down payment for the second home can be applied for up to 40%, and the interest rate will increase by 10%. After paying off the loan for the first home, the second home can be counted as the first home. First home mortgages currently carry benchmark interest rates. Newly purchased commercial housing in Yancheng (including newly built commercial housing and second-hand housing) must obtain the real estate certificate for 3 years before it can be transferred.

3. Conditions for non-locals to buy a house in Yancheng

(1) Conditions for non-locals to buy a house in Yancheng

1. If a non-local wants to buy a house in Yancheng, he must Yancheng’s local tax payment certificate for one year or social security statement, local income certificate (two to three times the monthly payment), and documents such as ID card, marriage certificate, and household register.

2. At the same time, the home buyer must be a natural person who is over 18 years old and has full capacity for civil conduct; when the loan expires, the man shall not be more than 60 years old and the woman shall be no more than 55 years old; he must have a stable and legal occupation and The source of income is the ability to repay principal and interest.

3. Information required for individual house purchase: Household registration books, ID cards and copies of both spouses of borrowers buying houses in Yancheng. A purchase contract or agreement signed with the selling unit. Proof and copy of the borrower’s first installment deposit. Personal housing loan application form (format provided by bank).

(2) Things to note when buying a house in Yancheng

1. Families with non-local registered residence who do not have a house in Yancheng can purchase a house in Yancheng with the city’s tax payment certificate or social insurance payment certificate for more than one year. When buying a house in the main urban area of ??the city, the purchase of a second house is suspended.

2. Households with out-of-town registration that cannot provide proof of tax payment or social insurance payment in Yancheng City are suspended from purchasing housing in the main urban area of ??Yancheng City.

The above is about the Yancheng purchase restriction, Yancheng purchase restriction policy 2019, and the relevant content for foreigners to buy a house in Yancheng. I hope it can be helpful to everyone!