Twenty-one cities rein in property market
(chinadaily.com.cn) Updated: 2016-10-12 07:06
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Jinan, Shandong province
Date of policy release: Oct 2, 2016
Highlights of the policies:
Local residents are prohibited from purchasing a fourth house and non-local residents are not allowed to buy a second house. The down payment for first home buyers is raised from 20 percent to 30 percent, while that for second home purchases are raised from 30 percent to 40 percent.
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Buildings in Jinan, East 皇冠体育app's Shandong province, April 15, 2016. [Photo/IC] |
