China's Guangzhou, a bustling metropolis in the southern part of the country, has recently become the first city to completely lift the purchase limit on large homes. This move is expected to have a significant impact on the local real estate market and provide new opportunities for home buyers and property developers alike.
Under the previous regulations, individuals in Guangzhou were restricted from purchasing multiple properties larger than 140 square meters (1,500 square feet) or exceeding a total combined area of 240 square meters (2,600 square feet). These restrictions were put in place to control skyrocketing property prices and prevent speculative buying in the city.
