legal ground
Article 3 of the Notice on Resolutely Curbing the Excessive Rise of Housing Prices in Some Cities closed early.
All kinds of real estate speculation and speculative house purchase must be strictly restricted. In areas where the price of commodity housing is too high, rising too fast and the supply is tight, commercial banks may suspend the issuance of housing loans for the third and above houses according to the risk situation; Non-local residents who cannot provide local tax payment certificates or social insurance payment certificates for more than 1 year will be suspended from issuing house purchase loans. The local people's government may, according to the actual situation, take temporary measures to limit the number of housing units within a certain period of time. Overseas institutions and individuals purchase houses in strict accordance with relevant policies.
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