Real Estate Crisis: Measures in Favor of Buyers and Reduced Interest Rates

ServiceReal estate in crisis

The measures in favor of the buyers: in addition to the interest, the percentage of the advance has been reduced

by Rita Fatiguso

August 31, 2023

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The long-awaited cut in real estate mortgages for battered Chinese real estate has finally arrived. The Central Bank and the National Financial Regulator have stepped in to help home buyers, including lowering the rate on existing mortgages for first-time home buyers and lowering deposit rates in some cities.

For the third consecutive month it was discovered that the volume of home sales also suffered a decline in August, the value of sales…

2023-08-31 19:41:52
#Home #alarm #China #mortgage #rates #cut