China's Shenzhen further eases homebuying curbs
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An agent attends to a customer near a scale model of residential buildings at a property fair in Shenzhen, Guangdong province, China October 12, 2024. REUTERS/Nicoco Chan/File Photo
BEIJING, April 29 (Reuters) - Shenzhen, one of China's four first-tier cities, further relaxed restrictions for buying homes in the city in a bid to spur demand.
• Eligible households will be able to buy an additional home in some central areas of Shenzhen, according to measures released by local housing authorities on Wednesday.
• Some buyers will be able to take out more mortgages under the country's housing provident fund programme.
• The measures, effective from Thursday, are aimed at better meeting residents' homebuying needs and supporting the stable and healthy development of the real estate market, authorities said.
• China's property market is stuck in a years-long slump, but home price data in March showed some improvement in major cities.
(Reporting by Yukun Zhang and Ryan WooEditing by Ros Russell)
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