Forex
globalreutersMay 28, 20241 Mins read
China’s Shanghai has announced property sector support measures
globalreutersMay 28, 20241 Mins read Shanghai
- cuts down payment requirement,
- lowers minimum mortgage rates
- restrictions on home purchases will be eased
- required years of social security or income tax payments for non-Shanghai residents will be reduced from five to three years
to prop up housing market.
Following similar measures in other Chinese cities.
Shanghai is China’s financial hub and the country’s largest city.
This article was written by Eamonn Sheridan at www.forexlive.com.
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