Zhengzhou becomes first Chinese city to announce comprehensive relaxation of property curbs
Zhengzhou becomes first Chinese city to announce comprehensive relaxation of property curbs

Zhengzhou becomes first Chinese city to announce comprehensive relaxation of property curbs

 

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The city of Zhengzhou, capital of central China's Henan province, has announced a comprehensive package to relax real estate curbs, including easing restrictions on second-home buying, the first city in the country to take such moves to support the sluggish housing market.

Banks in Zhengzhou have lowered the down-payment ratio for those who already own one home but have no outstanding mortgage to 30% from 60% when they purchase their second home . . .

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