Conditions for foreigners to buy a house in Shanghai
First of all, foreign buyers must meet the purchase conditions in Shanghai. Foreigners buying a house in Shanghai must meet the following three conditions:
First, married people, because from the practical level of the implementation of Shanghai's purchase restriction policy, foreign singles have been banned from buying a house in Shanghai;
Two, can provide proof of paying taxes or social security for more than one year in Shanghai within two years before the signing date of the house purchase contract. It should be noted that the trading center that "pays back the tax bill" will not be transferred;
There is no house in Shanghai.
If the buyer does not lend, he only needs to have a tax bill or social security for more than 12 months within two years. If he wants to borrow money, he needs some loan materials, such as bank running water and income proof (mostly from loan companies). However, foreign property buyers must meet the requirement of "having a tax bill or social security 12 months or more within two years", otherwise they cannot buy a house in Shanghai. Moreover, it is understood that the "tax bill" has not been transferred in the trading center.
If you have a three-year long-term residence permit, you can enjoy the treatment of Shanghai locals and buy a house directly without providing a tax bill. If a non-Shanghai resident family can provide a tax payment certificate or social security certificate that meets the requirements, and owns 1 house and already owns 1 house or above, the sale of its house in this city will be suspended.
Regarding the payment of social security, the Municipal Housing Management Bureau stressed that according to the city's housing sales restriction policy, if a non-registered household purchases a house with a social insurance payment certificate, the social insurance payment must comply with the "accumulated payment in the first two years from the date of purchase 12 months", and the payment will not be recognized.
Loan conditions for foreigners to buy a house in Shanghai:
1, 18 years old with full capacity for civil conduct, permanent residence of urban residents or legal and valid proof of residence;
2. Pay the down payment;
3. Have a stable legal income and the ability to repay interest;
4. The borrower agrees to use the purchased house and its rights and interests as collateral;
5. The purchased second-hand houses have clear property rights and meet the requirements for entering the real estate market stipulated by the local government;
6. The purchased house is not within the scope of demolition;
7. Other requirements of the lending bank.
Materials to be submitted by foreigners to buy a house with a loan from Shanghai:
1. Application Form for Housing Mortgage Loan filled out by the Buyer and the Seller;
2. Letter of Intent for Purchase signed by both parties;
3. proof of income;
4. ID card and household registration book and proof of marital status;
5. Spouse ID card;
6. If the purchaser has no permanent residence in the local city, it is also required to provide a temporary residence permit and a certificate issued by the local real estate trading center;
7. The seller's valid legal person business license. Representative card and other documents.
(The above answers were published on 20 15- 12-22. Please refer to the actual purchase policy. )
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