Xian, the city with the fastest rising home prices in China, imposes property buying curbs on immigrants

Nearly 800,000 immigrants in Xian, home to the Terracotta Army, will be unable to buy homes after the northwestern Chinese city introduced new property curbs on Thursday, dealing a blow to the red-hot market.The city of 10 million people has banned new immigrants from buying primary or secondary homes within 12 months of acquiring a local hukou. A hukou is a household registration document all Chinese citizens must have that controls access to public services based on the birthplace of the…

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