China – Shenzhen Eases Home Purchase Curbs to Unleash Demand

<p>Caixin report on one of China's megacities, Shenzen, rolling back some of the nation’s strictest limits on home purchases:</p><ul><li>

The city of 17.6 million people introduced a series of measures starting in 2016 aiming to blunt skyrocketing housing prices and speculation</li><li>In late August, Shenzhen adjusted the definition of first-home buyers to allow more people to qualify for lower mortgage rates and lower down payments.
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Last week, the city partly scrapped a long-time restriction and allowed residents from Hong Kong and Macao to invest in nonresidential properties.
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Under the latest measures, Shenzhen will no longer disqualify nonresidents from buying a home if their income tax or social insurance payments in the city have been disrupted for less than six months.</li></ul><p>Here is <a href="https://www.caixinglobal.com/2023-09-14/shenzhen-eases-home-purchase-curbs-to-unleash-demand-102103511.html" target="_blank" rel="nofollow">the link for more detail</a> (may be gated).</p>

This article was written by Eamonn Sheridan at www.forexlive.com.