The difference between foreigners with "three no's" and locals buying houses in Chongqing are:

1. Foreigners with "three no's" cannot get loans to buy houses in Chongqing now.

2. Locals can get a loan of up to 60% for a second home, and the interest rate will increase by about 30-35%.

3. Foreigners who purchase a house need to pay an annual tax of 0.5%.