Housing transactions in Shanghai ticked up after local authorities relaxed home purchase restrictions and lowered mortgage rates to underpin the stagnant property market.
But the buying spree may be short-lived due to mounting worries about the economy and job prospects.
“The stimulus policies have effectively inspired some buyers with strong demand to make their purchase decisions,” said Song Yulin, a senior manager with property agency Lianjia in Shanghai. “But it is still a buyer’s market…
Source : South China Morning Post
Read more…Shanghai home sales buoyed by incentives but sustainable recovery not in sight















