Conditions for foreigners to buy a house in Ningbo

In recent years, the continuous development of Ningbo's economy has attracted more foreigners to start businesses in Ningbo, which has stimulated the local real estate market to a certain extent. Many people want to buy a house and settle down in Ningbo. At present, all parts of China have introduced strict purchase restriction measures, making it more difficult for local people to buy suites. It's even harder if it's registered in a foreign country. The following are some conditions for foreigners to buy a house in Ningbo.

1. Meet the local purchase qualification in Ningbo. For example, you must have a local social security or tax payment certificate for 2-5 years. Meet the conditions, provide ID card, household registration book, marriage certificate, temporary residence permit, social security or tax proof materials. If you want a loan, you need to provide proof of income, a copy of the business license with the official seal of the unit, the recent salary flow and so on.

Second, the house price is much higher now than before, and buying a house in full will often bring greater economic pressure to the whole family. So more people choose loans to buy a house, and foreigners need conditions to borrow from Ningbo Bank to buy a house:

1. Agree to use the purchased house as mortgage guarantee.

2. The age of the borrower plus the loan period shall not exceed 65 for men and 60 for women.

3. Have full capacity for civil conduct; Have permanent residence or valid residence status in China.

4. Must pay a down payment of not less than a certain percentage of the total price of the house purchased in Ningbo.

5. Have stable professional and economic income, good credit and the ability to repay the principal and interest of the loan.

6. A house purchase contract or agreement has been signed.

After meeting the conditions of buying a house, you can go through the formalities of choosing a house to buy a house, which also involves the handling of the real estate license. At present, Ningbo's housing purchase policy stipulates the first set of housing, and the new policy no longer divides the boundary of 144 square meters, and uniformly stipulates that the tax rate for housing above 90 square meters is 1.5%. The second set of improved housing, the new policy is1%; The new tax rate of more than 90 square meters is 2%.

You can apply for 40% down payment for the second suite, and the interest rate will rise 10%. The first home loan in Ningbo has been paid off, and the second one can be counted as the first one. At present, the benchmark interest rate is implemented for the first home loan. Newly purchased commercial housing (including newly-built commercial housing and second-hand housing) can only be transferred after obtaining the certificate of immovable property rights for 3 years. This means that the new houses in Ningbo can't be traded three years before obtaining the real estate registration certificate.

If friends from other places want to buy a house in Ningbo, they can consult the local housing management department first to understand the specific housing purchase policy, and then buy a house according to relevant procedures. The above is about the introduction of the conditions for foreigners to buy a house in Ningbo, hoping to help foreign friends who have the intention to buy a house.