China Eases Housing Curbs in Wuhan, Paving Way for Other Cities to Follow
- Latest step by regional authorities to shore up housing demand
- Local measures may not lift sales this year, Goldman says
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A major city in China has eased a key restriction on housing purchases, paving the way for more cities to follow suit and prop up demand as the property slump in the world’s second-biggest economy drags on.
Wuhan, China’s eighth-most populous city, will allow local families to buy an additional home in areas with purchasing caps, according to a local government statement. The city in central China where Covid-19 cases first emerged more than three years ago, supports “reasonable” home purchases, according to the statement.