Can foreigners buy a house in Shanghai?
Yes, you can. Foreigners can buy a house in Shanghai, but only if they have lived in Shanghai for one year, signed a labor contract for three years and have a long-term work endorsement on their passports. It takes three years to apply for property tax exemption, but you still need to notarize the sales contract or translate your passport. At present, the real estate title certificate in China can only reflect the Chinese name, so it is necessary to notarize that the English name on your passport and the Chinese name on the sales contract belong to the same person.
What are the housing policies in Shanghai?
1, commercial loan policy
Families who purchase the first set of housing can apply for commercial personal housing loans, and the down payment ratio is not less than 35%; If you already own 1 apartment in this city, and there is no record of commercial housing loans or provident fund housing loans in this city, then generally speaking, the down payment for commercial loans will not be less than 50% for the purchase of ordinary self-occupied housing; For those who purchase non-ordinary self-occupied houses, the down payment ratio of their commercial loans is generally not less than 70%.
2. Provident fund loan policy
(1) If you buy the first house but have never used the provident fund, the down payment ratio of the provident fund is 30%. If the area is less than or equal to 90 square meters, the down payment ratio cannot be reduced to 20%; However, the down payment ratio of the second set of improved housing will be 50% higher than that of ordinary commercial housing and 70% higher than that of non-ordinary commercial housing. If it is like two sets of ordinary commercial houses, the loan interest rate will also rise 10%. The personal loan limit for two sets of ordinary commodity housing will also be lowered by 654.38+10,000 yuan;
(2) If the employee's family has a record of stopping the provident fund loan twice, the loan will be issued again; The balance of the borrower's provident fund deposit account has also been reduced from 40 times to 30 times.
Conclusion: That's enough about whether foreigners can buy a house in Shanghai. We know that many people want to buy a house in Shanghai, but they must meet the local conditions before they are eligible to buy a house.