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Second homes, second thoughts

By Wu Yiyao in Shanghai | China Daily | Updated: 2017-04-24 06:51

Homeowners who wish to upgrade to more spacious or better-located properties are among those most impacted by the recent tightening of China's home purchase rules.

Such prospective homebuyers are required to make higher down payments in key cities now.

Property agents said purchase restrictions not only squeeze out speculative demand but help some homebuyers to reduce financial risks, making them more cautious and prudent.

Second homes, second thoughts

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