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Boosting Demand: Multiple Chinese Cities Ease Home-Buying Restrictions

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BEIJING, Sept 11 (Reuters) – Two major cities in eastern China lifted all curbs on home purchases and selling on Monday, joining several other cities in dropping restrictions to attract buyers and revive a largely frozen property market.

Jinan and Qingdao, two of the largest cities in China’s second-most populous province of Shandong, said homes in all areas are allowed to be put on the market, according to a government statement and a local media report.

Qingdao previously limited the number of homes that could be purchased in two districts. Jinan had similar measures.

Last week, three cities – Nanjing in eastern Jiangsu province and Dalian and Shenyang in northeastern Liaoning province – became the first cities to eliminate curbs on home buying.

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