Unmarried homebuyers in China to show proof

Unmarried homebuyers in China to show proof
13/10/2016 , by , in INTERNATIONAL

Unmarried investors in the eastern Chinese city of Jinan must show proof that they’re single if they want to buy a home, the official Xinhua news agency said.

Housing authorities in Jinan, the capital of Shandong province, announced earlier this month multiple measures aimed at curbing fast-rising home prices. Among the measures was a rule that home buyers would need to get a marital status certificate among other documents to qualify as a buyer.

Jinan was among more than two dozens Chinese cities that imposed policies to tame prices and reduce overheating during China’s national holiday week. But real estate agents said that readily available, cheap mortgages and strong demand were likely to keep China’s property market rising, even if restrictions dampen sales and prices over the short term.

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