China’s tightening measures aimed at rooting out housing speculators end up hurting genuine buyers

//China’s tightening measures aimed at rooting out housing speculators end up hurting genuine buyers

China’s tightening measures aimed at rooting out housing speculators end up hurting genuine buyers

The runaway prices in China’s secondary home market is causing severe distress among property buyers. While authorities across all levels on the mainland have introduced stringent measures to cool the market and weed out speculators, genuine buyers say these policies are hurting them more than anyone else.“The home prices are driving me mad,” said Franco Feng, 36, a Shanghai resident who is in the market for a three-bedroom flat. “The wild price surge has made it utterly difficult for me to own…

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By | 2021-02-13T02:00:06+00:00 February 13th, 2021|Business|Comments Off on China’s tightening measures aimed at rooting out housing speculators end up hurting genuine buyers