China considers easing homebuying restrictions to stimulate its stagnant housing market.
China is contemplating the removal of significant homebuying restrictions to stimulate its stagnant housing market, which has struggled for four years. Potential changes include easing rules for non-local buyers and merging first- and second-home purchase categories. Additionally, authorities may allow refinancing for up to $5.4 trillion in mortgages at lower rates. These initiatives aim to boost demand and reduce borrowing costs, pending approval from senior leaders.
September 20, 2024
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