The loopholes in regulation are being repaired bit by bit, and Beijing has adopted stricter measures for fake divorce house purchase. On August 5, the Beijing Municipal Commission of housing and urban rural development issued the announcement on further improving the purchase restriction policy of commercial housing, which made it clear that if the husband and wife are divorced, if the original family has two or more houses before the divorce, neither party shall buy houses in the city within three years from the date of divorce. The new regulations will be implemented from the 5th.
This is not the first time Beijing has cracked down on fake divorce to buy a house. On March 17, 2017, Beijing issued the notice on improving commercial housing sales and differentiated credit policies (commonly known as the “317 New Deal” in the industry). The policy stipulates that any party who buys a house after the divorce of the husband and wife only needs to comply with the purchase restriction policy of the real estate market, except for the housing loan applicants within one year of divorce, Commercial loans and provident fund loans are implemented in accordance with the credit policy for the second house.
If the implementation of the second house credit policy means that the buyer buys a house within one year of divorce, the down payment shall be paid as two sets, that is, the down payment proportion for ordinary self owned houses shall not be less than 60%, and that for non ordinary self owned houses shall not be less than 80%.
Even if the purchase cost was greatly increased, the previous policy did not block the way of fake divorce to buy a house. With the introduction of policy No. 5, it means that it is completely impractical to buy a house through fake divorce.
Beijing’s previous restrictions on buying a house through fake divorce were at a lower level nationwide. In January this year, Shanghai issued the opinions on promoting the stable and healthy development of the city’s real estate market, which stipulates that if a husband and wife purchase commercial housing within three years of divorce, the number of housing units they own shall be calculated according to the total number of families before divorce.
The policy means that if the premarital family has two or more houses, neither party is eligible to buy another house within three years after divorce.
Like Shanghai, the “sales restriction period” for fake divorce in Shenzhen is also three years. On February 8 this year, Shenzhen housing and Construction Bureau sent a reply on issues related to household housing registration to Shenzhen real estate registration center, which made it clear that commercial housing shall not be purchased in Shenzhen within three years after divorce.
Since the 317 new deal in 2017, four years later, Beijing has finally followed the three-year rule, which makes Beijing’s regulation logic of the real estate market more rigorous. Yan Yuejin, research director of the think tank center of E-House Research Institute, said that such policies show that the policies are becoming stricter and show a trend of continuous control. It is expected that the volume and price will stabilize in the future.
Reprint indicated source：Spark Global Limited information