Before we buy a house, we definitely need to understand the local policies. This will be of great help to us when buying a house. I believe many friends do not know much about Suzhou’s purchase restriction and loan restriction policies. So, the editor below will share with you what policies Suzhou has to restrict purchases and loans, and what impact the purchase restrictions have on housing prices.

1. What are the purchase and loan restriction policies in Suzhou?

Suzhou’s purchase and loan restriction policies are as follows:

1. When purchasing a first home for a family not registered in this city, 2 Proof of payment of personal income tax paid in Suzhou City for more than 1 year during the year.

2. Suspension of sales of newly built commercial houses and second-hand houses for households registered in this city that own three or more houses.

3. Families that own a house but have no record of a house purchase loan or have already paid off the loan can apply for a commercial loan and adjust the down payment ratio from 30% to 50%.

2. What impact does the purchase restriction order have on housing prices?

1. Short-term impact

In a short period of time, housing prices will fall after the purchase restriction order is issued, including new homes and residential properties. The transaction price of second-hand houses has dropped, but because of housing demand, houses are necessities. After the purchasing power and speculation of buying houses to meet living needs are restricted, this purchasing power will flow to other areas, or to the housing rental market.

2. Mid-term impact

The purchase restriction order will not have a great impact on housing prices in the medium term. In the medium term, housing prices will be relatively high and transaction volume will be balanced. Of course, the analysis here does not mention the government's prevention of real estate changes in housing supply. This issue is more complex and is affected by factors such as possible collusion between the government and developers.

3. Long-term impact

The demand for housing long skirts is different from that in the short and medium term. The economy can still sustain high growth for many years. The advancement of urbanization and the formation of the public Reasons such as the expectation that house prices will rise in the long term have caused house prices to rise over a long period of time.

Article summary: The above is what the editor has shared with you about Suzhou's purchase and loan restriction policies, and the impact of the purchase restriction order on housing prices. I hope it can be helpful to everyone. If you want to know more about the city’s home buying policies, please continue to follow us and we will keep updating in the future.