guangzhou, shenzhen become latest chinese cities to ease home-即嗨体育app下载

guangzhou and shenzhen, in south china's guangdong province, have become the latest chinese cities to ease the financial pressure for buying houses.

in a notice issued on tuesday, the municipal government of guangzhou said home buyers in the city will enjoy reduced down-payment ratios.

non-guangzhou residents will also be allowed to purchase two homes, the same as local residents, in six districts of guangzhou, if they have a record of paying social insurance or income tax in the city for at least six months – down from two years as was previously required.

the six districts, including yuexiu, haizhu and tianhe, previously allowed non-guangzhou residents to purchase only one home.

authorities in shenzhen have also announced new moves to lower down-payment ratios and reduce the lower limit of interest rates on home loans based on the tenor of benchmark loan prime rate (lpr) on tuesday. the minimum down-payment ratio for individual commercial housing mortgages has been lowered to 20 percent for first-home purchases and 30 percent for second-home purchases.

the new policies in both cities will come into effect on wednesday.

a number of chinese cities, including beijing, shanghai, hangzhou and chengdu, have recently adjusted real estate policies, with measures such as eased purchase restrictions and trade-ins of commercial housing.

on monday, the eastern metropolis of shanghai unveiled a set of measures to support home buyers, including further easing home-purchase restrictions for non-shanghai residents and allowing families with two or more children to purchase an additional home.