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
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.

No comments:

Post a Comment