The down payment ratio of the second home in Guangzhou is 30%, but if the loan for the first home is not settled, the minimum down payment for the second home is 70%, and the interest rates of commercial loans and provident fund loans both rise by about 10%. In addition, because Guangzhou is a restricted area, whether you can buy a second suite depends on your qualifications. You can consult the local housing transaction management department first.

Regulations of Guangzhou on purchase restriction and loan restriction

First, purchase restriction

Note: Housing includes newly-built commercial housing and second-hand housing, the same below.

(1) quantity

1, Guangzhou household registration residents are limited to 2 sets;

2. Guangzhou household registration single (including divorced) person purchase restriction 1 set;

3. Non-Guangzhou household registration has paid taxes or social security for five consecutive years (calculated before the date of purchase), and the purchase limit is 1 set;

4. Non-Guangzhou household registration households are restricted to purchase (including donations) 1 house in Conghua and Zengcheng District;

5. Overseas institutions and individuals purchase houses according to the current relevant policies;

(2) Transfer/gift

1.Residents who purchase new houses from March 30 must obtain the certificate of immovable property for two years before they can transfer their ownership or go through the formalities of production analysis;

2. The new house purchased by the legal entity from March 30th must obtain the real estate license for 3 years before it can be transferred;

3. If the house is given to others, it must be 2 years before you can buy the house again;

4. Those who accept housing gifts must comply with the current purchase restriction policy in Guangzhou.

(3) apartment

12 Starting from February 20th, individual residents can purchase apartments that have been sold before March 30th, and can not transfer them again until they have obtained the certificate of immovable property for two years.

After March 30, commercial real estate projects with land transfer transactions will still be implemented according to the original policy (that is, the 330 New Deal).

Second, restrict loans.

(1) down payment

1, Guangzhou has no house and no loan (over): the minimum down payment is 30%;

2. Those who have no housing and loan records in Guangzhou: the minimum down payment for commercial housing is 40%, and the minimum down payment for apartments is 70%;

3. Those who have a house in Guangzhou without a loan record/those who have paid off the first home loan: the minimum down payment for commercial housing is 50%;

4. The first house in Guangzhou has not been paid off: the minimum down payment for commercial housing is 70%;

5. Guangzhou has a house: the minimum down payment for an apartment is 70%.

Differentiated housing credit policy

1. For applicants with housing loans within one year after divorce, banking financial institutions shall implement the credit policy of 1 house owned by Guangzhou residents;

2. For borrowers who are adults, unemployed, have no fixed income and whose repayment funds come from other borrowers, banking financial institutions shall implement the credit policy of Guangzhou residents' own housing 1;

3. Guangzhou registered employees have paid in full 1 year or more, and non-Guangzhou registered employees have paid in full for more than 2 years before they can apply for housing provident fund loans.

(3) The down payment cannot be loaned.

Commercial banks, microfinance institutions, internet financial institutions, trust and investment companies and other financial business operators may not issue or issue down payment loans for house purchases in disguised form.