How to buy a house in Shanwei with a foreign registered permanent residence: the latest policies and practical guide
As Shanwei's urban development and transportation convenience improve, more and more outsiders are considering buying property here. This article will combine the latest policies (as of October 2023) to provide you with structured data guidance in terms of home purchase qualifications, loan conditions, tax costs, etc.
1. The latest policy on housing purchase qualifications in Shanwei (October 2023)
| House purchase type | Foreign household registration requirements | Restrictions |
|---|---|---|
| commercial housing | No social security/personal tax required | Purchase limit is 2 units (within city limits) |
| commercial apartment | Unconditional | No purchase limit |
| Second-hand house | Local residence permit required | Purchase limit is 1 set (Haifeng/Lufeng County) |
2. Necessary materials for purchasing a house with a foreign registered permanent residence
The following originals and copies are required:
| Material type | Specific requirements |
|---|---|
| Proof of identity | ID card + household registration book (if married, spouse’s ID is required) |
| marriage certificate | Marriage certificate/divorce certificate/unmarried statement |
| Proof of funds | Bank statements in the past 6 months (30% down payment requires 2 times monthly payment) |
| Auxiliary materials | Local residence permit (not mandatory but recommended) |
3. House purchase cost details (taking a 100㎡ new house as an example)
| Expense items | calculation standard | Estimated amount (yuan) |
|---|---|---|
| total house price | Average price 6500/㎡ | 650,000 |
| Down payment (30%) | Total price×30% | 195,000 |
| Deed tax | Total price × 1.5% (first set) | 9,750 |
| maintenance fund | 50/㎡ | 5,000 |
| attorney fees | Loan amount×0.3% | 1,365 |
4. Comparison of Loan Plans
| Loan type | Interest rate (LPR benchmark) | Maximum years | Pass rate for foreigners |
|---|---|---|---|
| business loan | 4.2%+55BP=4.75% | 30 years | 85% |
| Provident Fund Loan | 3.1% | 20 years | Mutual recognition of provident funds in different places is required |
| portfolio loan | Commercial loan portion 4.75% | 30 years | Local social security required for 1 year |
5. Practical suggestions
1.Prioritize urban projects: Shanwei urban areas (such as Pinqinghu area) have the least restrictions on foreigners purchasing houses and have more mature supporting facilities.
2.Loan pre-approval first: It is recommended to complete the bank pre-screening before signing the contract to avoid default due to qualification issues.
3.Take advantage of tax benefits: The first home can enjoy a 50% reduction in deed tax (a proof of no-house ownership is required).
4.Property rights processing: You need to be present in person to apply for the real estate certificate, and the entrusted notary must be certified by the Shanwei Justice Bureau.
6. Risk warning
• Some township projects have small property rights risks and require inspection of the original "Five Certificates"
• The average listing cycle for second-hand houses in Shanwei will be 8 months in 2023, so investment needs to be cautious
• The "guaranteed settlement" policy promised by the developer has been completely cancelled, and points must be used to register through formal channels.
Note: The statistical period of the above data is October 1-10, 2023. The specific implementation is subject to the latest documents of Shanwei Municipal Housing and Urban-Rural Development Bureau. It is recommended to consult a professional agency before purchasing a house to ensure that there are no changes to the policy.
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