The People's Bank of China said Wednesday it cut the minimum down payment required from first-time home buyers to 25% from the previous 30%. The cut applies in all but a handful of the largest cities, such as Beijing, Shanghai, Shenzhen and Guangzhou, where demand remains strong and which impose restrictions on second or subsequent homes to suppress price increases.
2015-09-30
China Wants A Bigger Credit Bubble, Probably Won't Get It: Down Payments Cut to 25%
Nasdaq: China Lowers Down-Payment Rates for Buyers of First Homes in Most Cities
Labels:
China,
interest rates,
PBOC,
real estate
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment