简体中文
Policy
Hangzhou eases restrictions on home purchases
Last Updated: 2014-07-28 20:26 | Xinhua
 Save  Print   E-mail

The eastern Chinese city of Hangzhou on Monday became the latest region to ease home purchase restrictions.

Hangzhou will lift the ban on buying a second home in Xiaoshan and Yuhang districts starting Tuesday, according to Hangzhou Housing Security and Management Bureau.

The ban is also lifted for buyers purchasing a house more than 140 square meters in downtown areas, according to the bureau.

So far, around 20 regions, mostly second- and third-tier cities where inventories are high, have lifted or eased bans on ownership of more than one home, imposed in early 2011 as a tool to cool the property market.

Back then, more than 40 cities made use of the limits along with other measures, including higher mortgage rates and bigger downpayments on second homes. Three years ago, high home prices were among the top complaints of urban residents.

0
Share to 
Related Articles:
Most Popular
BACK TO TOP
Edition:
Chinese | BIG5 | Deutsch
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2024 China Economic Net. All right reserved