Chinese housing officials are taking steps to prevent debt defaults by property developers amidst an escalating real estate liquidity crisis. Beijing and Shanghai have relaxed homebuying policies, including lowering the minimum down payment for new mortgages, in efforts to boost the property market and stem an unprecedented housing downturn.
China’s two most expensive housing markets — Beijing and Shanghai — unveiled a further relaxation of homebuying policies, including a lower down-payment ratio, as part of efforts to boost the country’s property market. https://t.co/oERzRWYcDz
"Beijing cut the down-payment ratio for 2nd🏠to 40%/50% vs prev threshold of 60%/80%...also lowered down-payment ratio for 1st🏠to 30% from 35%/40% + allowed more🏠to qualify for lower mortgage thresholds by relaxing definition of 'non-luxury homes'..." https://t.co/N7Gx2zUlgm
Chinese authorities relax homebuying curbs in Beijing, extending efforts seen in major cities to stem an unprecedented housing downturn https://t.co/g4gj5Ug8vq
Chinese authorities relax homebuying curbs in Beijing, extending efforts seen in major cities to stem an unprecedented housing downturn https://t.co/k1JDBVsv8Y
🇨🇳 CHINA'S BEIJING WILL LOWER THE MINIMUM DOWN PAYMENT FOR NEW MORTGAGES - BEIJING GOVT https://t.co/TUJc8ar9xJ
A top Chinese housing official pledges to avoid a cascade of debt defaults by property developers, among the strongest comments yet to cushion an escalating real estate liquidity crisis. https://t.co/md129pWkzl