The real estate industry in China has been in distress since 2021. It was then that Evergrande (who was just forced to liquidate in January 2024) had its first default, and the sector came under the magnifying glass of global investors. It has been anyone’s guess as to what action would be taken by its government to help alleviate the pressure from the already real estate heavy economy. Recently, China has been playing with law changes that would ease the restrictions for who can buy certain real estate. These rules have been unique in China as typically, married couples had the most freedom for purchasing property inside or outside of a city. China just recently has loosened that policy to extend to those who are single and have lived in a city for 5 years to buy homes outside of a city. It will be interesting to see how much further they will go to see transactions pick back up in the sector.
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