There are two main reasons why Ningbo people don't buy Hangzhou Bay. First of all, they don't meet the local housing requirements. Second, the housing price in Hangzhou Bay is too expensive for ordinary families to afford.

Hangzhou Bay's economic development is good, and it is normal for houses to be expensive, but it has exceeded the affordability of many families. At the same time, Hangzhou has also begun to implement a new policy of purchasing houses, and the requirements for purchasing houses are much stricter than before. Many people don't meet the conditions for buying a house, so they can't buy a house in Hangzhou Bay.

What are the purchase restriction policies in Ningbo?

1, the first set of housing, Ningbo's original policy 144 square meters above the tax rate of 3%, the new policy no longer divides the boundary of 144 square meters, and uniformly stipulates that the tax rate of housing above 90 square meters is 1.5%. The second set of improved housing, the original policy stipulates that the tax rate of 90 square meters and below is 3%, and the new policy is1%; The original policy stipulated that the tax rate above 90 square meters was 3%, and the new policy was 2%.

2. You can apply for 40% down payment for the second suite, and the interest rate will rise 10%. The loan for the first suite in Ningbo has been paid off, and the second suite can be counted as the first suite. The first home loan currently implements the benchmark interest rate.

3. Newly purchased commercial housing (including newly-built commercial housing and second-hand housing) can only be transferred after obtaining the certificate of immovable property rights for 3 years. This means that the new houses in Ningbo can't be traded three years before obtaining the real estate registration certificate.

4. Conditions for foreigners to buy a house in Ningbo: First, they meet the local purchase qualification in Ningbo. For example, you must have a local social security or tax payment certificate for 2-5 years. Meet the conditions, provide ID card, household registration book, marriage certificate, temporary residence permit, social security or tax proof materials. If you want a loan, you need to provide proof of income, a copy of the business license with the official seal of the unit, the recent salary flow and so on.

5. Non-local registered households that already own 1 set or more houses in the administrative areas of Haishu District, Jiangbei District and Yinzhou District of this Municipality will suspend buying houses in the restricted purchase area. Non-local registered families who cannot provide personal income tax (including zero declaration) or social insurance certificates for more than 24 months in this city within the first 3 years from the date of purchase will be suspended from buying houses in the restricted purchase area.