BEIJING,Aug 24 (Xinhuanet) – Prompted by the government's decision to extend its house purchasing limit to second and third-tier cities, property markets in small Chinese cities have witnessed a speculative rush of late.
Industry insiders say the list of cities included in the new policy could come out as early as end of this month. The list will be based on the cities' growth rates in housing prices and trading volume in the past months.
Insiders say over 30 second and third-tier cities may be included in the new list, and the figure is larger than expected. Cities with tourism attractions are also more likely to be included, as they're more tempting to property investors from outside.
(Source: CNTV)
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