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Sanya house purchase policy in 2023

Sanya’s house purchase restriction policies are as follows:

1. Within the scope of this city (district), households not registered in the province are limited to purchasing one house.

2. Within the scope of this city (district), housing sales to non-provincial households that already own one or more homes in Hainan will be suspended.

3. For non-provincial household registration households without housing in Hainan, the main urban area of ????the city center is bounded by Fenghuang Road and Hongsha Tunnel in the east, Yuya Road and Nanbianhai Road in the south, and Sanya Bay Road in the west. , to Jinjiling Road in the north, excluding shanty town reconstruction projects.

The purposes of house purchase restrictions are as follows:

1. To reduce purchasing power. In fact, the main purpose of restricting house purchases is to restrict those with financial strength from buying houses. This can reduce the strong purchasing power of the property market, and then stabilize the housing prices in a city, so that the housing prices that have risen too quickly can return to health and stability.

2. Adjust the property market. If we look at the emergence of purchase restriction policies from a long-term perspective, it must be adjusting our country's property market. Although the real estate market is still very important, it is still a pillar industry in our country and is still bound to our economy. But we need to consider the long term through such policies so that the real estate market can truly return to healthy and stable development. Houses are for living in, not for speculation.

Legal basis:

"Notice of the State Council on Resolutely Curbing the Excessive Rise in House Prices in Some Cities"

Article 2

Implement updated A strict differentiated housing credit policy. For families who purchase their first home with a floor area of ??more than 90 square meters (including the borrower, spouse and minor children, the same below), the loan down payment ratio shall not be less than 30; for those who purchase a second home with a loan, For households, the loan down payment ratio shall not be less than 50%, and the loan interest rate shall not be lower than 1.1 times the benchmark interest rate; for those who purchase a third or higher house with a loan, the loan down payment ratio and loan interest rate shall be significantly increased, and the details shall be determined by commercial banks based on Risk management principles are determined independently.