Preventing fake talents from speculating on real estate Many places on the mainland tighten the threshold for talents to buy houses

To prevent “fake talent and real speculation”, several cities on the mainland have raised the threshold for talent to buy houses. (shutterstock)

In recent years, the lowering of the threshold for talent settlement and the relaxation of conditions in hotspot cities on the mainland have led to the importation of population into the cities as well as the emergence of some speculative behaviors, and the mainland officials have gradually formed a consensus to encourage talent settlement in hotspot cities but avoid “talent-led speculation”. Li Xiaoxiao, a senior analyst at the Tongze Research Institute, believes that in the future, hotspot cities will form a consensus to encourage talents to settle down but avoid talent-led speculation, and each city will also adjust the number of years to pay social security and qualify for home purchase after settling down according to market conditions.

According to the surging news incomplete statistics, since this year, including Guangzhou, Nanjing, Hangzhou and other cities have tightened the talent purchase, settled home purchase policy.

Guangzhou, for example, issued on April 21, the “notice on improving the city’s real estate market stable and healthy development policy” mentioned that to strengthen the management of talent home purchase policy, families and single (including divorced) people who enjoy the talent policy, when buying commercial housing, must provide proof of payment of continuous personal income tax or social insurance in the district where the talent is identified for 12 months before the date of purchase. At the same time seriously investigate and deal with real estate development and intermediaries falsifying, misrepresentation and concealment of fraudulent talent housing purchase qualification.

Hangzhou also slightly earlier on April 13 to tighten the purchase conditions of high-level talent home purchase restrictions. It is understood that to be identified as Hangzhou high-level talent families settled in Hangzhou must be full 5 years before buying a second suite.