Hangzhou Officials Consider Buying Unsold Homes to Bolster Housing Market

Wednesday, 15 May 2024, 11:45

Authorities in Hangzhou, the capital of China’s Zhejiang province, are contemplating a novel strategy to invigorate the local housing market by purchasing unsold homes and renting them out at affordable rates to reduce inventory and boost sales. This move could potentially alleviate the existing housing oversupply issue and create more opportunities for home buyers and renters.
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Hangzhou Officials Consider Buying Unsold Homes to Bolster Housing Market

Hangzhou's Efforts to Stimulate Housing Market

Authorities in Hangzhou, the capital of China’s Zhejiang province, are planning to buy homes and rent them at affordable rates, to reduce inventory and boost sales.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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