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21 cities introduce new regulations to curb property speculation

By Xinhua in Beijing | China Daily | Updated: 2016-10-15 06:43

China's latest measures to regulate its housing market should rein in speculative house purchases, contain bubble risks and stabilize the market. A total of 21 Chinese cities have made recent changes to market rules, including higher down payments and restricting purchases.

China's housing market started to recover in the second half of 2015 after cooling for more than a year, boosted by interest rate cuts and lower deposits.

According to the National Bureau of Statistics (NBS), prices rose in over 90 percent of bigger cities surveyed in August, up from 73 percent in July and 79 percent in June.

21 cities introduce new regulations to curb property speculation

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