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2 Cities eases mortgage curbs for first-home purchases
Published on: 2023-08-31
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Two of China’s most expensive megacities eased definitions of first-home buyers to enable more people to take advantage of lower mortgage rates and down payments.

Guangzhou and Shenzhen, two first-tier cities in southern China’s Guangdong province, said they would define first-time homebuyers as those who don’t own housing under their name in the city regardless of whether they borrowed to buy housing in any other city.



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