There are many migrant workers in every city, and so is Guangzhou. After working for a period of time, many foreigners have the idea of buying a house in Guangzhou. But when foreigners buy a house in Guangzhou, they should not only consider the price, but also see whether they meet the local conditions for buying a house. So what conditions do foreigners need to buy a house in Guangzhou? What are the procedures for buying a house with a loan? Let's take a look with Bian Xiao!

What conditions do foreigners need to buy a house in Guangzhou?

1, foreign buyers need to have valid identification materials such as ID card and household registration book; 2. Foreign buyers must pay social security or individual tax for three years or more in this city within the first five years from the date of purchase; 3, foreign property buyers and their family members do not own housing in this city; 4. The down payment paid by the buyer shall not be less than 30% of the total house price; 5. The buyers have a good credit record and have a stable job and income in this city.

Second, what are the procedures for buying a house with a loan?

1. First of all, to confirm whether the property purchased by the buyer has been supported by the bank mortgage, the buyer can directly learn about the relevant provisions of the mortgage loan from the bank, and prepare the materials needed for mortgage loan procedures, such as ID cards and down payment vouchers, and then fill out the mortgage loan application form as required.

2. After signing the house sales contract with the developer, the buyer needs to sign the house mortgage loan contract with the developer and the bank, and specify the loan amount, term and repayment method of the buyer in the contract, and then the buyer, the developer and the bank go through the house mortgage formalities with the local housing authority.

3. After completing the mortgage formalities, according to the contract, the buyer needs to open a special bank account for repayment in the loan bank and sign a power of attorney with the bank, stipulating that the loan bank can directly deduct the loan principal and interest from the bank account.

Summary: What conditions do foreigners need to buy a house in Guangzhou? I will introduce it to you here, hoping to help friends in need. At present, many friends do not consider whether they meet the local purchase conditions when buying a house, which leads to too much time delay. Therefore, before buying a house, you must understand the local purchase policy, and then choose a real estate.

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