Qingdao buy real estate conditions for foreigners latest 2023

The condition for foreigners to buy houses in Qingdao is to pay social security for 3 years.

Qingdao City requires non-Qingdao household residents who purchase housing to have paid social security locally for 3 years or more and have a stable legal residence within Qingdao City. Non-Qingdao residents must have a stable job in Qingdao or be a taxpayer in Qingdao.

In some areas where the purchase restriction policy is enforced, non-Qingdao household residents are subject to certain restrictions on their eligibility to purchase a home, and may need to have certain qualifications or purchase restriction indexes depending on the policy regulations of different areas.

It should be noted that local policies are constantly changing, and the above conditions may be adjusted or changed at any time, so you should pay attention to the relevant notices or policy regulations of the local government.

Precautions for purchasing a home

1, the purpose of purchasing a home and demand: before purchasing a home should be clear about the purpose of purchasing a home and demand, including the use of purchasing a home, the area, location, transportation, the surrounding supporting facilities, in order to determine the direction of the purchase of a home and the scope of the purchase.

2, home purchase budget: home purchase should be based on their own economic situation and home purchase needs to develop a home purchase budget, including home purchase down payment, loan amount, repayment period, in order to determine the price range of the purchase.

3, check the real estate license and other documents: before purchasing a home should check the real estate license, land license, planning permit and other relevant documents to ensure that the legality of the house and the ownership of clear.

4, the quality of housing and decoration: when purchasing a home should pay attention to the quality of housing and decoration, including the structure of the house, plumbing, electrical circuits, etc., in order to determine the actual value of the house and the subsequent cost of maintenance.

5, the purchase contract and terms: when buying a house should carefully check the purchase contract and terms, including the delivery time of the house, quality assurance, property management, etc., in order to ensure that their rights and interests are not lost.