Home prices have climbed so high in some big cities, buyers are using consumer loans for down payments, says Zhao Yang at Nomura Holding. Photo: Reuters

As mortgages grow scarce in China, homebuyers turn to car and college loans, firm says

Research company says new funding channel being used to circumvent government efforts to cool property market

Topic |   China property

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Home prices have climbed so high in some big cities, buyers are using consumer loans for down payments, says Zhao Yang at Nomura Holding. Photo: Reuters
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