China City Eases Home Curbs, Signaling Possible Policy Shift
- Heze has scrapped a two-year holding restriction on new homes
- Adds to signs that nation’s property market may be cooling
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An eastern Chinese city announced rule changes making it easier for people to sell homes, a move local media has called the first easing of such housing curbs nationwide in more than two years.
Heze, a city of about 9 million, in 2017 began requiring individuals to own their homes for at least two years before putting them on the market. That restriction has now been withdrawn, according to a statement from the local housing and rural-urban development bureau. Local financial daily China Securities Journal cited a real-estate analyst who described Heze as the first city to loosen housing sales curbs.