China’s cities ease property curbs as economy takes an Omicron hit

China’s cities ease property curbs as economy takes an Omicron hit

Property curbs are easing in cities across China as stability takes precedence over reform in the slumping, debt-ridden sector. More than 60 municipal authorities started easing property restrictions in the first quarter, according to a note on Sunday by the China Index Academy, one of the country’s biggest independent real estate research firms. The measures include reducing down payments, subsidising house purchases, cutting mortgage interest rates and giving financial support to developers…

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    China’s cities ease property curbs as economy takes an Omicron hit
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