Tags: china | mortgage | economy | houses

China Eases Mortgage Requirement as Economic Slowdown Worsens

Wednesday, 30 September 2015 07:53 AM

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.


© Copyright 2020 Bloomberg News. All rights reserved.


   
1Like our page
2Share
Markets
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
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved