Major Policy Shifts Fuel Home Buying Surge in Big...
China News
May 21, 2024
Recent relaxations in mortgage regulations and initiatives encouraging local governments to convert real estate into public housing have sparked a flurry of home buying activity in major Chinese cities. These nationwide stimulus measures, constituting the eighth round of policy adjustments within a year, represent Beijing's robust efforts to stimulate the property market. The response has been widespread, affecting both new and second-hand home transactions across the country.