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First-time homebuyers continue to drive Shanghai’s residential markets

Posted on 10 January 2013

Despite a slowing economy, first time homebuyers were the main market-driver of Shanghai’s residential property markets in 2012, says global real estate consulting firm Jones Lang LaSalle.
Government tightening measures continued in 2012 which included Home Purchase Restrictions (HPRs), which remained firmly in place in Shanghai in 4Q12………………………………………..Full Article: Source


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