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Is it forbidden to buy apartments in Shanghai?

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Shanghai is called the magic capital, and its economic development is ahead of other cities, so many people choose to buy houses here. However, with the strict real estate policy, buying a house is no longer a simple matter. Are there any restrictions on buying apartments in Shanghai? Then let's take a look at the following!

If it is a residential apartment, it will face purchase restrictions, but commercial apartments will not be included in the scope of purchase restrictions for the time being, such as serviced apartments. The latter is very different from ordinary houses. Most of them are built on commercial land, and the property rights will last for forty or fifty years. In addition, most apartments cannot be settled.

Among them, serviced apartments and houses are different in nature. Want to buy often need comprehensive consideration, can't rush to start. After all, it costs a lot of money. Although most apartments are not limited to purchase and loans, they often require a down payment of at least half of the house price, so there are still some restrictions. Moreover, the water and electricity costs of apartments are often calculated according to commercial standards. If you really buy an apartment, you will face a higher cost of living.

Nowadays, many apartment projects are mainly small-sized apartments, and there are many more households on each floor than ordinary houses, and the personnel are more complicated. If you buy a house by yourself, your safety may not be guaranteed, and your privacy protection is also lacking.

In addition, because the room is small and the internal ventilation effect is not very good, the kitchen of the apartment is often open. It is easy to make the whole space full of oil smoke, and the bathroom is also prone to odor over time, causing certain troubles to residents.

At the same time, if the apartment is to be traded again, it will face various taxes and fees, which is more than ordinary residential transactions. Taken together, it can reach 10 to 14 percentage points of the house price, so the sale rate of the apartment is not very high. Moreover, if rented, it is often slow to get results and difficult to return to the original.

Although the price of apartment is lower than the market price, it can effectively solve the housing problem and meet the needs of transitional housing. However, the value-added of this kind of real estate is relatively slow, and the transaction cost is high, so you should choose carefully when buying.

I hope the above answers are helpful to you.

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