Easing of mortgage rules in China lifts demand for homes
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Beijing
THE Chinese property market is showing signs of stabilising as home sales bottom out after months of falling, thanks to a broader-than-expected relaxation of mortgage rules.
There are signs that the market sentiment is also improving. An increasing number of potential home buyers have visited sales offices of new housing projects or real estate agencies since Sept 30, when the Chinese central bank announced the mortgage rule easing.
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