China’s crackdown on housing speculators buying property with consumer loans cools down prices

//China’s crackdown on housing speculators buying property with consumer loans cools down prices

China’s crackdown on housing speculators buying property with consumer loans cools down prices

Housing speculators in China find themselves in the crosshairs of regulators who are forcing them to sell property bought with personal and consumer loans, as authorities look to cool a buying frenzy.The nationwide crackdown to stem the flow of such funds into the red-hot property sector since the start of this year has proved to be effective, as home prices have started to stabilise in major cities like Shanghai.In China, loans must be used in accordance with the loan agreement with the banks…

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By | 2021-03-20T02:00:12+00:00 March 20th, 2021|Business|Comments Off on China’s crackdown on housing speculators buying property with consumer loans cools down prices