From BBC News:
Foreigners are to be limited to owning one house in Beijing, which they cannot rent out, press reports have said.
Local newspapers report that foreign homebuyers will also have to prove that they have lived in China for a year. The Chinese government is trying to cool rising house prices and warned last July that it would take steps to restrict purchases by foreigners.
The news comes as ING Real Estate predicts that investment interest is shifting to second-tier cities.
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