Shanghai and Shenzhen to remove home purchase restrictions to boost real estate markets and support 5% economic growth target.

Shanghai and Shenzhen are set to lift remaining home purchase restrictions to revitalize their struggling real estate markets. This change will permit buyers from other regions of China to purchase homes in these cities. The announcements are expected soon, as part of a broader effort by Chinese leaders to achieve a 5% economic growth target for 2024 and stabilize the housing sector amid previous concerns about speculation.

September 27, 2024
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