72 Cities to Issue Policies Restricting Property Purchases

In keeping with a series of directives issued by the central government, 36 Chinese cities have already issued policies that put certain conditions on additional property purchases. It's predicted the number of cities implementing these restrictions on property purchases will double in the near future. Analysts predict that the move will push up rents as many potential home buyers will delay purchasing a home in the near future.

Source
The Beijing News

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