China's Shenzhen further eases homebuying curbs

* Eligible households will be able to buy ‌an additional home in some central areas ‌of Shenzhen, according to measures released by local housing authorities on Wednesday. * Some buyers will ⁠be ​able to ⁠take out more mortgages under the country's housing ⁠provident fund programme.

China's Shenzhen further eases homebuying curbs
  • Country:
  • China

Shenzhen, ​one of ​China's four first-tier cities, ‌further relaxed ​restrictions for buying homes in the city ‌in a bid to spur demand. * Eligible households will be able to buy ‌an additional home in some central areas ‌of Shenzhen, according to measures released by local housing authorities on Wednesday.

* Some buyers will ⁠be ​able to ⁠take out more mortgages under the country's housing ⁠provident fund programme. * The measures, effective from ​Thursday, are aimed at better meeting residents' ⁠homebuying needs and supporting the stable and healthy ⁠development ​of the real estate market, authorities said.

* China's property market is ⁠stuck in a years-long slump, but home price ⁠data ⁠in March showed some improvement in major cities.

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