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Hangzhou Restart the restriction on house purchase

%e3%81%aeHangzhou is following Xiamen and Suzhou’ policy on restriction of non-local residents purchasing houses. Non-local residnets is becoming the main force of house purchasing since 2016. After G20, the oursiders purchase rate accounts for 39.3%, and among them, 25.4% purchase two houses.
Economist claims that in a short period, purchasing house is contributing to decrease inventory policy, but in a long period, it will drive up house price. Surrounding cities’ house price may also increase because of Hangzhou’s policy.

Photo from caixin.com

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