China's easy loans expected to drive home prices, despite tightening

China's easy loans expected to drive home prices, despite tightening
 

Readily available, cheap mortgages and strong demand are likely to keep China's property market rising, even if restrictions announced in more than a dozen cities over the past week dampen sales and prices over the short term, real estate agents said.
The overheated market is worrying authorities who want to stop price bubbles in higher tier cities, but need to stimulate an economy that is sliding toward its slowest growth since 2009.
In the past six days, 14 Chinese cities imposed administrative restrictions on home purchases to curb property speculation.
The commercial capital Shanghai... read more

 
6 October 2016 in Business, Views: 36
Source: Reuters
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