Property News · August 4, 2021

China goes back to rationing as authorities in Wuhan introduce ‘housing ticket’ to cool surging property prices


China has taken countless measures over the years to cool the red-hot property market. It has introduced ceilings on borrowings, limited the number of properties that an individual can own and even increased interest rates on mortgage loans.In the latest bid, the government has borrowed a page from its old playbook of ration coupons, a strategy that was used during the country’s planned economy era, to rein in the property market.The housing authorities in Wuhan, the capital of central Hubei…

Source : South China Morning Post
Read more…China goes back to rationing as authorities in Wuhan introduce ‘housing ticket’ to cool surging property prices

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