Chinese capital Beijing further eases home buying curbs

Beijing's municipal authorities further eased curbs on home purchases on Wednesday, lowering the threshold for home-buying qualifications, in the latest efforts to boost demand amid worsening home prices in the Chinese capital.

Non-local residents - those without a Beijing "hukou" - can now buy homes in the capital if they have made consecutive income tax payments in the city for at least one year, down from two years previously.

Families with more than one child will also be allowed to buy an additional home in downtown Beijing, municipal housing authorities added in a statement.

-Beijing Newsroom/Reuters