In first-tier cities, there are still many outsiders. They work here and may live here. Buying a house in first-tier cities is also not easy for outsiders. Then let’s take a look at the conditions for foreigners to buy a house in Guangzhou.

Conditions for foreigners to buy houses in Guangzhou

1. Meet the local house purchase qualifications in Guangzhou. For example, you need to pay social security for 2-5 years or provide proof of tax payment.

2. For loans, you need to provide proof of income in Guangzhou, a copy of the unit’s business license and official seal, as well as recent salary statements, etc.

3. Foreigners apply for loans from Guangzhou banks. The age of the borrower cannot be more than 65 years old for men and 60 years old for women. You must have full civil capacity in Guangzhou and have a permanent residence or valid residence status in China. Pay a down payment that is no less than a certain percentage of the total purchase price in Guangzhou. You must have a stable career and economic income in Guangzhou, good credit, and the ability to repay the principal and interest of the loan.

Policies for foreigners buying houses in Guangzhou

1. Submit a house purchase application to the real estate transaction with your identity document, residence permit and copy. After passing the review, the Guangzhou Real Estate Exchange Market Management Committee will review and stamp the application. The management committee reviews the "House Purchase Registration Form" and its information, and issues the "Approval Notice for Individuals from Other Provinces and Municipalities to Purchase a House in Beijing" valid for six months;

2. Within 15 days after the house buyer signs the contract in Guangzhou , bring your identity document, residence permit, "Approval Slip", and the original and copy of the house purchase contract to get the "Notification of Property Rights for Individuals from Other Provinces and Municipalities Purchasing Houses in Beijing". After the transaction is issued to the Guangzhou house buyer, the "Approval Slip" will be taken back 》;

3. The buyer brings the "Notice", contract, identity document, and residence permit to the developer to handle the transfer procedures, and pay transaction fees, stamp duties and other taxes as required.

Article summary: Conditions for foreigners to buy houses in Guangzhou. To meet the local house purchase qualifications in Guangzhou, you need to pay 2-5 years of social security or tax certificate; for a loan, you need to provide proof of income in Guangzhou, a copy of the unit's business license with the official seal, and recent salary statements. Wait; outsiders apply for loans from Guangzhou banks. The age of the borrower shall not exceed 65 years old for men and 60 years old for women. Have full civil capacity in Guangzhou, and have permanent residence or valid residence status in China.