How to buy a house in Hangzhou: The latest guide to buying a house in 2024
As a new first-tier city, Hangzhou has experienced frequent housing price fluctuations in recent years, and housing purchase policies have also continued to adjust. This article will combine hot topics and the latest data on the Internet in the past 10 days to sort out the complete process and key precautions for buying a house in Hangzhou.
1. Hangzhou’s latest house purchase policy (updated in June 2024)
| policy type | Specific content | Applicable area |
|---|---|---|
| Purchase restriction policy | Local household registration is limited to 2 units, non-local household registration requires 4 years of social security/personal tax | Main urban area (including Xiaoshan and Yuhang) |
| down payment ratio | 25% for the first set, 35% for the second set | Citywide |
| loan interest rate | The first set of LPR-20BP (3.85%), the second set of LPR+30BP (4.35%) | Citywide |
2. Comparison of housing prices in various regions of Hangzhou
| area | Average price of new houses (yuan/㎡) | Average price of second-hand houses (yuan/㎡) | Popular sections |
|---|---|---|---|
| Shangcheng District | 58,000 | 52,000 | Qianjiang New Town, Wangjiang |
| West Lake District | 62,000 | 55,000 | Culture and Education, Huanglong |
| Yuhang District | 32,000 | 28,000 | Future Technology City |
| Xiaoshan District | 35,000 | 30,000 | Qianjiang Century City |
3. Self-examination guide for home purchase qualifications
1.social security requirements: Those with non-Hangzhou household registration must provide social security or personal income tax certificates for three consecutive years in the past four years, and the backpayment shall not exceed 3 months.
2.Talent identification: ABCDE talents can enjoy priority lottery, house purchase subsidies and other policies, with a maximum subsidy of 8 million yuan.
3.special policy: Families with three children can purchase an additional house, and differentiated purchase restrictions are implemented in some areas.
4. Detailed explanation of the house purchase process
| steps | Operation content | Materials required |
|---|---|---|
| 1. Pre-qualification | Submit a home purchase qualification application online | ID card, household register, social security/personal tax certificate |
| 2. Fund preparation | Issuance of deposit certificate and loan pre-approval | Bank statements and income certificates |
| 3. House viewing and house selection | On-site inspection or property viewing through VR | None |
| 4. Lottery registration | Register through the "Hangzhou Housing Security and Housing Management Bureau" APP | Fund freezing certificate |
5. Recommendations for popular new releases
| Property name | area | Average price (yuan/㎡) | House type |
|---|---|---|---|
| Greentown·Fuxiangyuan | Gongshu District | 51,200 | 128-235㎡ |
| Binjiang·Wang Cui Lanting | Shangcheng District | 68,000 | 139-260㎡ |
| China Resources·Hangyao Real Estate | Yuhang District | 31,500 | 89-139㎡ |
6. Guide to avoiding pitfalls when buying a house
1.Be wary of the "work-for-housing" trap: Recently, there have been many cases of low-price sales in the name of project-mortgaged houses, but it is actually impossible to sign online.
2.School district room verification: Hangzhou will implement a "teacher rotation system" in 2024, and some school district divisions will be adjusted.
3.Delivery standards: Finely decorated properties require clear decoration standards. Recently, many projects have triggered rights protections due to reductions in allocations.
4.Parking space binding: Some developers force bundled sales of parking spaces, with the highest quotation reaching 800,000 yuan per unit.
7. Expert advice
1. Give priority to properties along subway lines. Hangzhou will add 5 new subway lines in 2024
2. The Asian Games Village section has a large inventory, so you can pay attention to the developer’s promotional activities.
3. The bargaining space in the second-hand housing market has increased, and some landlords have reduced prices by as much as 10-15%.
4. Pay attention to the shared ownership housing policy. The first batch of houses are expected to be launched by the end of 2024.
The real estate market in Hangzhou is in a period of adjustment. It is recommended that home buyers compare multiple aspects and make rational decisions. The latest data shows that the transaction volume of new houses in Hangzhou dropped by 12% month-on-month in May, and that of second-hand houses dropped by 8%. The market has a strong wait-and-see sentiment. It is recommended that users who just need it can seize the window period, while investment users need to evaluate carefully.
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