Property News · March 2, 2022

Zhengzhou is first Chinese city to ease second-home buying restrictions as local authorities try to reverse property market slump


Zhengzhou, the capital of central Henan province, has become the first mainland Chinese city to ease restrictions on buying a second home, as more local authorities take measures to reverse a nationwide residential property market slump.The city’s banks have lowered the mortgage rate for second-home buyers, according to a document posted on the website of Zhengzhou’s government late on Tuesday.The document listed 19 measures aimed at helping real estate development.Most important among them…

Source : South China Morning Post
Read more…Zhengzhou is first Chinese city to ease second-home buying restrictions as local authorities try to reverse property market slump

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