Personal home loans in China rose by 1 per cent to 37.7 trillion yuan (US$5.92 trillion) in October from the prior-year period. Photo: Reuters
Personal home loans in China rose by 1 per cent to 37.7 trillion yuan (US$5.92 trillion) in October from the prior-year period. Photo: Reuters

China’s stuttering housing market shows signs of life as banks make it easier for first-time buyers to get mortgages approved

  • New home sales increased by a monthly 12 per cent in terms of area in November, according to Central Wealth Securities
  • It comes after banks were urged to support first-time homebuyers by easing their down-payment ratios and mortgage rates

Topic |   China property
Personal home loans in China rose by 1 per cent to 37.7 trillion yuan (US$5.92 trillion) in October from the prior-year period. Photo: Reuters
Personal home loans in China rose by 1 per cent to 37.7 trillion yuan (US$5.92 trillion) in October from the prior-year period. Photo: Reuters
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