China introduced measures to control the Real Estate market again
Posted on Oct-02-2010· by china investor
Recently, China introduced measures to regulate the real estate market again. Loans to buy commodity housing, the first payment ratio adjusted to 30% or more; property tax reform has gradually expanded to the whole country; Buying second Suite, first payment shall not be less than 50% of payment, loan interest rate was not less than 1.1 times of the benchmark rate; for individuals to purchase 90 square meters ordinary housing, and the house belongs to the only house of the family, tax at the reduced rate of 1%. Ordinary individuals to purchase housing, who do not meet the above requirements, it may not enjoy the preferential policies. The rule has obviously more strictly than that in the past, will help to suppress the speculative investment, especially outside investment speculators.