Major Chinese Cities Lift Home Buying Restrictions to Revive Sluggish Housing Market

Two major eastern Chinese cities, Jinan and Qingdao, lifted all restrictions on home purchases and selling to revive the property market.
These cities join others like Nanjing, Dalian, and Shenyang that recently eliminated home buying curbs.
Smaller Chinese cities started removing restrictions earlier to support local economies.
The moves aim to attract buyers to the sluggish market that accounts for 25% of China's economy.
China's property sector has struggled since 2021 due to debt restrictions on developers that caused a sector-wide liquidity crunch.

yahoo.com

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Posted 9/11/2023, 7:52:07 AM