The People's Bank of China said Wednesday it cut the minimum down payment required from first-time home buyers to 25% from the previous 30%. The cut applies in all but a handful of the largest cities, such as Beijing, Shanghai, Shenzhen and Guangzhou, where demand remains strong and which impose restrictions on second or subsequent homes to suppress price increases.
Australia’s housing system flashes “code red”
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Last week, the Australian Bureau of Statistics (ABS) released dwelling
approvals data, which revealed that only 12,500 homes were approved for
constructi...
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