Restrictions on Foreign Real Estate Ownership May Be Cancelled Nationwide

Rumors swirled this weekend in the real estate industry. It is believed the government is about to lift restrictions on foreign ownership. Currently foreigners living in China or companies operating in China are limited in where and when they can buy property. If the restrictions are lifted, foreign real estate investors would be allowed to buy investment properties in China. It is believed that high end and luxury markets in first-tier cities may benefit immediately from a lifting of restrictions on foreign home ownership.

One city in China has already cancelled restrictions on foreigners as of May 6: Jingmen, Guangdong.

iFeng: 楼市或袭来一重磅炸弹 “限外”或将取消
Jingmen news from early May: 广东省江门市取消实施三年多购房“限外”政策