Hangzhou cancels purchase restriction (Hangzhou property market may usher in new changes)

Recently, the Hangzhou municipal government announced the cancellation of the purchase restriction policy, which caused widespread concern. For the real estate market in Hangzhou, this is undoubtedly a major change. Then, what will happen to the property market after Hangzhou cancels the purchase restriction? Let's discuss it together.

Hangzhou purchase restriction cancellation, operation steps

First of all, let's take a look at the operation steps of buying a house after canceling the purchase restriction in Hangzhou.

Step 1: Choose your favorite house. When choosing a house, you should choose according to your actual situation, such as your economic strength, family situation, work place and other factors.

Step 2: Apply for a loan. After choosing a house, you need to apply for a loan. Due to the cancellation of the purchase restriction policy, the threshold for bank loans has been lowered accordingly, which is good news for buyers.

Step 3: sign a house purchase contract. After handling the loan, you need to sign a purchase contract with the real estate developer. When signing a contract, you should read the terms of the contract carefully to ensure that your rights and interests are protected.

Step 4: Pay the down payment. After signing the purchase contract, you need to pay the down payment. Due to the cancellation of the purchase restriction policy, buyers can choose the down payment ratio according to their actual situation.

Step 5: Transfer ownership. After paying the down payment, you need to go through the transfer formalities. Pay attention to check the property right certificate and ownership certificate of the house when transferring.

What will happen to the property market when the purchase restriction in Hangzhou is cancelled?

What will happen to the property market after Hangzhou cancels the purchase restriction? Let's have a look.

First, house prices may go up. Due to the cancellation of the purchase restriction policy, the demand of buyers will increase, which may lead to an increase in house prices.

Secondly, the competition in the property market may become more intense. Due to the cancellation of the purchase restriction policy, the demand of buyers will increase, which may lead to more intense competition in the property market.

Finally, the property market may be more stable. Due to the cancellation of the purchase restriction policy, the demand of buyers will increase, which may lead to a more stable property market.