Shanghai Just Issued A Slew Of New Measures In An Attempt To Cool The Housing Bubble

Shanghai Pic

Photo: Flickr User uniquebuildings (www.flickr.com

Chinese regulators continue too appear proactive in their attempt to avoid a disastrous housing bust.Shanghai — which is frequently seen as ground zero of the housing boom — has issued a slew of new regulations according to Shanghai Daily. Notably, families will be limited to just one extra apartment. No loans of any kind will be given to a buyer of a 3rd apartment.

Notably there is still no property tax planned, but it could com shortly.

Click here to see 14 charts on the size and scope of the housing bubble >

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