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Can foreigners buy a house in Hangzhou without social security?
Social security certificate is one of the most important materials, such as children's education, pension, and some transfers. Specifically, it can be divided into the following categories:
First, children's education-now there are more and more migrants in major cities, and local educational resources are limited. In order to make full use of local educational resources, there are certain requirements for the social security payment period of both parents. Take Hangzhou as an example. If a child wants to go to a public school, both parents need to have a social security payment period of more than one year.
Second, buying a house-the current real estate regulation can be seen. For people who buy a house, there are also requirements for social security in order to ensure long-term development in the local area rather than investing in buying a house. Take Hangzhou as an example, the payment period of social security for buying a house needs to be more than 1 year.
Third, providing for the aged and some transfers-this should have a more intuitive understanding. I hope to get a normal pension after retirement. The minimum requirement for social security, especially endowment insurance, is 15 years.
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