Houston Community News >>
2/19/2011-- Shanghai and several other Chinese cities
have moved to restrict home purchases in a bid to deflate bubbles in the
real estate market.
The rules, which were revealed by Shanghai's Housing Guarantee and Administration Bureau on Saturday, prohibits new home purchases from locally-registered families who have owned two or more homes and non-local registered families who have owned at least one home.
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The rules, which were revealed by Shanghai's Housing Guarantee and Administration Bureau on Saturday, prohibits new home purchases from locally-registered families who have owned two or more homes and non-local registered families who have owned at least one home.
Read More
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