Three more Chinese cities set new curbs on home-buying to prevent bubble
Two cities in China's southern Guangdong province and the southeast city of Fuzhou imposed new home buying restrictions on Thursday aimed at preventing a property bubble.
The tightening measures imposed in Zhuhai, Dongguan and Fuzhou included raising downpayment requirements and restricting owners of two properties from buying more.
In the previous six days, 14 Chinese cities have imposed similar administrative restrictions to curb property speculation.
But real estate agents said that readily available, cheap mortgages and strong demand are likely to keep China's property market rising,... read more
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