New rules for buying a house in Hangzhou in 2021

1. What are the requirements for buying a house in Hangzhou?

1. Hangzhou household registration

Adult single (including divorced) people with household registration in this city are limited to purchasing one house in the purchase restriction area. (Including newly built commercial housing and second-hand housing, the same below)

Married households with household registration in this city are limited to purchasing 2 houses in the purchase restriction area

The household registration has been moved to Tonglu and Jiande from other places. Residential households in the four counties (cities) of Lin'an, Lin'an and Chun'an can only purchase housing in Hangzhou's purchase-restricted areas for 2 years from the date of moving their household registration, and the city's purchase-restriction policies will be implemented.

Those who have settled in this city as parents and their adult children must have been in this city for three years before they can purchase new commercial housing and second-hand housing within the city’s purchase restrictions as an independent home-buying family

2. Non-Hangzhou household registration households purchasing their first home must provide proof of continuous payment of personal income tax or social insurance (urban social insurance) in this city for more than 2 years in the 3 years before the date of purchase. (Families not registered in this city are not allowed to purchase housing by paying personal income tax or social insurance)

Families not registered in this city are limited to purchasing one house.

3. Enterprises and institutions

Effective June 27, 2018, the sale of housing to enterprises and institutions will be suspended.

The scope of purchase restrictions includes Shangcheng District, Xiacheng District, Jianggan District, Gongshu District, Xihu District, Hangzhou High-tech Development Zone (Binjiang), Hangzhou Economic and Technological Development Zone, Hangzhou Zhijiang National Tourism Resort, Xiaoshan District , Yuhang District, Fuyang District and Dajiangdong Industrial Cluster Area. There is no purchase restriction in Lin'an District.

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2. Hangzhou home purchase loan policy

Starting from March 29, 2017, Hangzhou will adjust its housing provident fund loan policy and commercial housing credit policy.

1. In terms of housing provident fund loan policies

Further tighten the standards for provident fund loan subscriptions. Within the urban area, employees’ families already own a house in their name or do not have a house but have a house. For those with housing loan records, the second housing provident fund loan policy will be followed for the purchase of ordinary self-occupied houses. The down payment ratio of the loan shall not be less than 60%. The provident fund loan interest rate shall be 1.1 times the housing provident fund loan benchmark interest rate for the same period.

2. In terms of commercial housing loans

First, further adjust the credit down payment ratio. Within the urban area, for those who already own a house, or do not have a house but have a housing loan Recorded resident families apply for commercial personal housing loans to purchase houses, implement the second home credit policy, and the down payment ratio is not less than 60%.

The second is to require all commercial banks to strictly review the borrower's repayment ability and strictly implement policy requirements such as monthly payment-to-income ratio not exceeding 50%. For those who are adults, unemployed, have no fixed income and have a source of repayment funds, For other borrowers with the same repayment, please refer to the second home credit policy. The third is to strictly review the sources of down payment funds for personal housing loans, and strictly prohibit all kinds of "leveraged" financial products from being used for down payments for home purchases.

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3. Housing provident fund loan limit for house purchase in Hangzhou

1. Loan limit

Housing provident fund loan is based on person and household quota system. The maximum loan limit for individual employees is 500,000. If an employee and his or her spouse both contribute to the housing provident fund, the specific loan limit is calculated on a per-person basis, and the maximum total loan limit is 1 million yuan.

2. Loanable Amount

The personal loanable limit = the average monthly balance of the provident fund account in the past 12 months (excluding the month of application) when applying for a loan × 15 times (currently in our city The multiple for the main urban area, Xiaoshan District, Yuhang District and Fuyang District is set at 15 times).

The average monthly balance of the housing provident fund account refers to the average balance of the housing provident fund account at the end of the month (excluding the one-time repayment of the past 12 months) in the past 12 months (excluding the month of application) when the employee applies for a loan. Number, the calculation formula is: average monthly balance of housing provident fund account = total number of month-end balances of housing provident fund account in the past 12 months/number of months.

The calculation result of personal loan limit is rounded to the nearest thousand. If it is less than 150,000 yuan, it will be determined as 150,000 yuan, and if it is higher than 500,000 yuan, it will be determined as 500,000 yuan. If employees and their spouses both contribute to the housing provident fund and meet the loan application conditions, the maximum loan limit for each household is 1 million yuan.

The specific loan limit is determined comprehensively based on factors such as the condition and price of the housing purchased by the employee, personal repayment ability, and credit status.

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4. Hangzhou house purchase loan interest rate

On January 20, 2021, the latest LPR released by the central bank, the 1-year LPR was 3.85%, 5 The annual LPR is 4.65%. The 1-year and 5-year maturities have remained unchanged for 10 months.

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5. Hangzhou house purchase tax payment policy

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6. Hangzhou second-hand House purchase conditions

Comply with the Hangzhou housing purchase restriction policy. You can directly purchase second-hand houses without participating in the lottery. After purchasing the house, you can directly transfer the ownership and obtain the real estate certificate.

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7. Lottery conditions for buying new houses in Hangzhou

Since April 4, 2018, eligible new applicants within the urban area of ??Hangzhou For housing projects that sell licensed commodities, the sales work shall be carried out by lottery hosted by a notary agency.

Families that comply with Hangzhou’s housing purchase restriction policy and register their intention during the project period can participate in the lottery to select a house.

Hangzhou’s “7.2” New Property Market Policy

1. It is clear that families with high-level talents can only enjoy one priority in purchasing a house in Hangzhou, and they are not allowed to be listed for trading within 5 years from the date of online signing of the house. .

2. For new projects with a unit price of less than 35,000 yuan/square meter, the proportion of skewing towards households without houses shall be no less than 50%.

3. In the same time period, one person can only register for one property, and cannot register for two properties at the same time. The next registration cannot be carried out until the lottery result is out.

Hangzhou’s “9.4” New Property Market Deals

1. Cancel the advance payment of deed tax.

2. It takes 3 years for parents to settle in Hangzhou before they can be qualified to buy a house.

3. Adjust the identification standards for "houseless households" to include unmarried and single house buyers over 30 years old and no record of owning a house within the city's purchase restrictions, and divorced singles for more than 3 years and within the city's purchase restrictions. Home buyers who have no record of owning a home for three years can be classified as a houseless household.

4. For hot real estate projects, the housing supply ratio for households without houses will reach 80%. Houses without houses obtained by households without houses through priority purchase will be restricted from sale for 5 years from the date of online signing and filing of the sales contract.

Note: There are two identification standards for hot commercial housing projects: first, whether the property has a record of more than 10,000 people moving; second, whether a property in the same price range in the same area has a record of more than 10,000 people moving.

For the specific new house purchase process, you can click on the link on the right "Latest Version of Hangzhou New House Lottery Policy"

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8. Frequently Asked Questions about Hangzhou New House Lottery

< p> Starting from April 4, 2018, eligible new commercial housing projects that apply for pre-sale licenses within the urban area of ??Hangzhou should use a notary agency to host a lottery to carry out sales work.

1. Why is it necessary to notarize the lottery for public sale?

Answer: Recently, some commercial housing sales in Hangzhou’s real estate market have seen illegal activities such as price increases, bundling and tying, and house number speculation. This has brought adverse consequences for our city’s standardization of the real estate market order and the protection of the legitimate rights and interests of consumers. Influence.

The Hangzhou Municipal Government attaches great importance to this. On the one hand, the housing management, public security, price and other departments jointly launched a joint attack to investigate and deal with a number of typical cases of violations of laws and regulations by development companies and intermediary agencies, and publicly exposed them. Drawing on the experience of relevant cities, we adopt the measure of “notarization, lottery and public sale of commercial housing projects” to further achieve long-term supervision of the order of the real estate market.

2. In which places do projects need to be notarized and sold through lottery?

Answer: Urban area (including Shangcheng, Xiacheng, Jianggan, West Lake, Gongshu, Binjiang, Xiasha, Zhijiang, Xiaoshan, Yuhang, Dajiangdong, Fuyang, Lin'an).

3. Do all projects in urban areas need to undergo notarization and lottery?

Answer: In commercial housing projects that have obtained pre-sale certificates after April 4, 2018, if the number of registered intended customers exceeds the number of houses to be launched, a notarized lottery shall be conducted to sell the houses; the number of registered intended customers is less than the number of houses to be launched. For those with source numbers, notarization is not required for lottery sales.

4. Who organizes the lottery and sales of commercial housing?

Answer: Real estate development enterprises are the main implementation entities of commercial housing sales. The notary agency presides over the lottery work, and the housing management and judicial departments provide guidance and supervision.

5. How to understand “one-time public sale of all properties for sale”?

Answer: Real estate development enterprises should sell all commercial housing units approved for sale by the current pre-sale certificate to the public at one time, and shall not sell them in batches.

6. What conditions must be met to participate in the lottery? On a family basis or on an individual basis?

Answer: Families that comply with the city’s housing purchase restriction policy and register their intention during the project period can participate in the lottery to select a house.

7. What is a “houseless family”?

Answer: Families who do not own their own homes within the city’s purchase restrictions, home buyers who are unmarried and single over 30 years old and have no record of owning their own homes within the city’s purchase restrictions, divorced singles for more than 3 years and have been living in the city for more than 3 years. House buyers who have no record of owning a house for three years within the city’s purchase restrictions are identified as “houseless households.”

House-buying households with household registration in Lin'an District, Tonglu County, Jiande City, and Chun'an County must register their intentions for commercial housing projects in the purchase-restricted area, and must be within the purchase-restricted scope of our city and the location of their household registration at the same time. Only households that do not own their own homes and have received social security insurance in Hangzhou for more than one year can be recognized as "houseless households."

When registering intentions for commercial housing projects in Lin'an District (non-purchase restriction area), the house-buying households must have no self-owned housing within the city's purchase restriction range and Lin'an District at the same time, and have Hangzhou social security for more than one year to be recognized. For "houseless families".

8. What kind of preference will be given to "houseless families"?

Answer: Real estate development companies must provide a certain proportion of houses exclusively for “houseless households” to purchase. The specific proportion shall be clarified by the development company in the project sales plan based on the actual situation of the project.

For new projects with a unit price of less than 35,000 yuan/square meter, the proportion of houses without houses will be tilted at least 50%. For hot real estate projects, the proportion of houses without houses will be tilted up to 80%.

9. How will the lottery hosted by the notary institution be carried out?

Answer: The notary authorities will formulate relevant notarization business specifications in the near future to clarify relevant matters.

10. Can I change someone to buy a house after choosing a house through lottery?

Answer: No. Real estate development companies must strictly ensure that the housing selection results are consistent with the online signature form. If they are inconsistent, they shall not submit the online signature, and the housing management department will not handle the online signature filing procedures.

11. What will happen if you don’t choose a house after the number is drawn, or if you choose a house but don’t buy it?

Answer: For families that give up house selection or purchase a house twice after being selected, the real estate development companies will no longer accept registration of their house purchase intention within 3 months from the date of giving up the house selection or purchase; For families that have given up house selection and home purchase three or more times (inclusive), within 6 months from the date of giving up house selection and home purchase, real estate development companies will no longer accept registration of their house purchase intention.

In addition, in addition to the winning family, the lottery also draws out the waiting families and their ranking. The remaining housing supply caused by the previous families giving up house selection and purchase will be selected and purchased by subsequent families, including waiting families.

12. Is it necessary to implement a notarized lottery for non-residential properties?

Answer: Office, commercial and other non-residential properties do not need to be sold through notarization and lottery.