China Eases Home-Buying Restrictions Across Major Cities to Revitalize Property Market

In an effort to combat a prolonged real estate slump, cities like Hangzhou and Xi'an have lifted all home purchase curbs, signaling a significant policy shift.

• Several Chinese cities, including Beijing, Tianjin, and Chengdu, have relaxed or removed real estate purchase restrictions to stimulate demand and stabilize the market.
• The removal of home-buying curbs in cities like Hangzhou and Xi'an comes as part of broader efforts to address a crisis in the property sector, exacerbated by high developer debt and low demand.
• Real estate measures include allowing additional property purchases and easing qualifications, aiming to boost transactions and revitalize local economies.
• Despite these policy changes, public sentiment remains cautious, with concerns about affordability and the effectiveness of these measures in truly reviving the market.
• The easing of restrictions has led to a surge in property transactions during recent holidays, although long-term market recovery remains uncertain.

6 Articles

SHINE CNN Fortune South China Morning Post CNA Breitbart