Linping District of Hangzhou relaxes restrictions on property market purchase

Xinhua News Agency, April 22, the reporter learned from a number of real estate developments in Linping District of Hangzhou that Linping Street has joined the relaxation circle of purchase restrictions in Linping District. As early as last November, Linping issued "some opinions on stabilizing the economy and promoting consumption and strengthening policies in Linping District," including the new policy on the property market and relaxing purchase restrictions. Nanyuan, Qiaoshi, Xingqiao, Chongxian, Donghu, Canal, Tangqi and other town streets have been classified as purchase restrictions and relaxation circles. This means that if you buy a house in Linping District, you can buy a new house or second-hand house in Linping District with only one month of social security for non-local household registration, and there is no need for social security for local household registration, and the purchase of two sets is no longer subject to the restriction of settling for five years. However, the total number of housing units restricted by all kinds of families in the restricted areas remains unchanged. In addition, before September 30, 2023, those who buy ordinary newly-built commercial housing in Linping District shall be subsidized according to 50% of the actual amount of deed tax after the buyer has applied for an immovable property right certificate. (Zhejiang News)