Guess what, future homeowners? 🏡 The bustling city of Hangzhou in East China just dropped some major news! As of Thursday, all restrictions on buying new homes have been lifted. That's right—it's open season for house hunting in this vibrant metropolis! 🎉
Under this fresh new policy, you no longer need to jump through hoops to qualify for purchasing a new house in Hangzhou. Plus, if you're not originally from the city but snag a home there, you can apply for a \"Hukou\"—that's permanent residency, unlocking access to all the cool basic welfare and public services China has to offer! ✨
But wait, there's more! If you don't own a home in the urban area you're eyeing, or you have just one that's on the market, you can qualify as a first-time homebuyer. That means you could score a lower mortgage rate on your new pad. Talk about a deal! đź’°
This move aligns with China's 2024 government work report, which called for speeding up a new real estate development model. The focus? High quality, cutting-edge technology, and stellar services. Pretty futuristic, huh? 🚀
Back in March, Chinese Premier Li Qiang chaired a State Council executive meeting where they chatted about fine-tuning real estate policies. The goal is to ensure housing projects get delivered and that financing mechanisms actually work. Sounds like they're serious about making homeownership more accessible! 🏡❤️
So, if you've been dreaming of a home in Hangzhou, now might be the perfect time to make that move! 🗺️
Reference(s):
cgtn.com
