Foreigners can buy a self-occupied house in Shanghai. The relevant departments do not strictly define one year, and bank loans do not attach much importance to this. Don’t worry about it at all. It’s just that foreign buyers have to pay an extra amount. Quite a few contract and loan just fees are mandatory.

1. Foreigners who want to buy a house in Shanghai need to provide their passport (notarized Chinese translation).

2. Foreigners who want to buy a house in Shanghai need to provide a labor contract of more than one year and a tax certificate.

3. Foreigners who want to buy a house in Shanghai must have no real estate in mainland China.

4. Foreign singles or families can purchase a residence in Shanghai.

5. Foreigners buying houses in Shanghai can only buy projects with export sales certificates.

6. When foreigners buy a house in Shanghai, the down payment ratio must not be less than 35%. If there is no house in Shanghai and no loan record, it will be regarded as a first-time home mortgage loan. The down payment ratio must not be less than 35%. Foreign loans can be up to 65%, mainly in US dollars.