China increases real estate market support by reducing restrictions in Shanghai

China’s financial capital, Shanghai, has reduced the limitations of the purchase of housing in the latest efforts of the authorities to contain the chronic real estate crisis. The qualified residents, including those from outside the city, can buy an unlimited number of homes in the outdoor suburbs, according to a statement issued on Monday. Not -residents who paid retirement carries for three years could buy new homes in urban areas, after their right was previously only limited to existing housing. The shares of real estate development companies in China increased during Monday’s trade, with speculation that policymakers are revealing more support procedures for the housing market. However, the incentives raised in September in September have failed to combat the four -year decline, which affected growth in an economy, now have additional threats by US customs duties. “Reducing restrictions in Shanghai will certainly be a gradual positive factor. We appreciate that sales in the suburbs make up more than half of total sales in the city. A month. The shares of” China of “China of” have come to 16%, despite the announcement of more annual losses on Friday, and the shares of “Sunac China Holdings” increased by 13%. residential circumstances.