Xiamen is one of the most beautiful and prosperous coastal cities in China, attracting millions of visitors and investors from all over the world. Recently, there has been a lot of buzz regarding the purchase limitations of properties in Xiamen. In this article, we will explore the current situation of house purchase limitations in Xiamen and how many houses are not limited to purchase.
The Situation of House Purchase Limitations in Xiamen
Xiamen has been implementing strict house purchase limitations for years, which aim to control the rapid increase of housing prices and prevent the housing market from overheating. According to the latest policy, non-local residents who do not have a local hukou (household registration) are only allowed to purchase one property, and local residents can only buy two. Additionally, the minimum down payment for the first house is 30%, and the second house is 50%.
How Many Houses in Xiamen are Not Limited to Purchase?
There are still some houses in Xiamen that are not limited to purchase, mainly for commercial purposes. For example, commercial properties such as shops, offices, and factories do not have purchase limitations. Moreover, some high-end luxury properties are also exempt from the restrictions.
According to the data from real estate agencies, as of August 2021, there are around 10,000 properties for sale in Xiamen that are not limited to purchase. However, the majority of these properties are either commercial or high-end luxury properties, which are not affordable for average buyers.
Xiamen, a coastal city located in the southeastern part of China, has become an attractive destination for both tourists and investors in recent years. With its beautiful scenery and booming economy, many people are interested in purchasing property in Xiamen. However, some may wonder how many houses in Xiamen are not limited to purchase. In this article, we will explore this topic and provide some insights for those who are interested in buying property in Xiamen.
Houses without Purchase Restrictions
According to the relevant regulations in China, some houses are subject to purchase restrictions, which means that only local residents or those who have paid social security for a certain number of years are eligible to purchase them. However, there are also houses in Xiamen that are not limited to purchase. These include commercial housing, foreign-related housing, and some high-end properties. For example, if you want to buy an apartment in a commercial housing project, you can do so without any restrictions.
The Benefits of Buying Houses without Purchase Restrictions
Buying a house without purchase restrictions in Xiamen has several benefits. Firstly, it provides more options for buyers. You can choose from a wider range of properties and locations. Secondly, it is more convenient. You don’t need to meet any specific requirements or go through complicated procedures. Thirdly, it is a good investment. Houses without purchase restrictions are often in high demand, which means that their value is likely to appreciate over time.
In conclusion, there are many houses in Xiamen that are not limited to purchase. These houses include commercial housing, foreign-related housing, and some high-end properties. Buying a house without purchase restrictions in Xiamen has several benefits, including more options, convenience, and good investment potential. If you are interested in buying property in Xiamen, it is important to be aware of the different types of houses and their purchase restrictions. By doing so, you can make a more informed decision and find the perfect property for your needs.