How to pay for a down payment for a house in Shanghai

How to calculate the down payment for buying a house in Shanghai? Latest policies and hot topics analysis in 2023

Recently, adjustments to Shanghai's housing market policy and fluctuations in housing prices have become hot topics across the Internet. This article will combine hot data in the past 10 days to analyze the calculation method of down payment for buying a house in Shanghai in detail, and attach the latest policy points.

1. Shanghai’s latest down payment ratio policy in 2023

According to the latest regulations of the Shanghai Municipal Housing and Urban-Rural Development Commission, the current down payment ratio is mainly divided into the following situations:

Note: Ordinary residential buildings refer to housing with a single apartment with an area of ​​≤140㎡ and a total price of ≤4.5 million in the inner ring / 310hentai 3.1 million in the outer ring / 2.3 million in other areas.

2. Three hot spots for home purchases that are hotly discussed across the Internet

1.Mortgage interest rate cuts: The LPR fell to 4.2% in August, and the interest rate for first-home mortgages can reach as low as 4.1 decreases%.

2.Recognize the house or not: It is rumored online that Shanghai may follow up on the policy, and improvement demand may face major positive benefits.

3.School district housing cooling: The prices of some school district housing units fell by 10-15% under the education reform policy, but the core area is still strong.

3. Demonstration of down payment calculation examples

4. 5 tips to reduce down payment pressure

1. Make good use of provident fund loans (up to loan of 1.2 million yuan)

2. Choose "old and dilapidated" to transition (the down payment for some old houses in the inner ring is only 1.5 million yuan)

3. Pay attention to shared property rights housing (the down payment ratio is at least 20%)

4. Strive for talent housing purchase subsidies (subsidies in some areas can reach 500,000 yuan)

5. Decision to consider forensic auction houses (the price is usually 30% off for the market price)

5. Latest expert advice

1. The policy window may be held during the Golden September and Silver October. It is recommended to continue to pay attention to it.

2. Priority is given to emerging sectors along the Central Ring Road to be more cost-effective

3. In addition to down payment, deed tax (1-3% and method), agency fees (1-2%) and other expenses are required.

Acquiescence Conclusion: Although the down payment for buying a house in Shanghai is high, through reasonable planning and policy research, you can still find a suitable home purchase plan. It is recommended that home buyers compare with each other and do what they can.