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Tags: china | mortgage | economy | houses

China Eases Mortgage Requirement as Economic Slowdown Worsens

Wednesday, 30 September 2015 07:53 AM EDT

China cut the minimum down payment requirement for first-time homebuyers, stepping up support for the property market amid an economic slowdown.

The reduction to 25 percent applies to people buying homes in cities that don’t have home-purchase restrictions, the People’s Bank of China said in a statement on its website on Wednesday. The previous down payment requirement was 30 percent.


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China cut the minimum down payment requirement for first-time homebuyers, stepping up support for the property market amid an economic slowdown.The reduction to 25 percent applies to people buying homes in cities that don't have home-purchase restrictions, the People's Bank...
china, mortgage, economy, houses
60
2015-53-30
Wednesday, 30 September 2015 07:53 AM
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