Chinese cities further ease homebuying policies to spur real estate sales Hindustan Times
China’s local governments are stepping up the easing of rules for their housing markets, as a protracted sales slump weighs on the economy and real estate developers. A total of 15 cities have removed the lower limit for mortgage rates on first-home purchases as of Wednesday, the Economic Observer reported, citing its tally of announcements by local governments. The move, powered by the central bank’s relaxation of minimum mortgage rates last year, is designed to entice homebuyers as prices fall
