Property News · March 24, 2017

China mortgage rules tightened to curb people divorcing to qualify to buy second homes


China’s central bank, wary of soaring property prices in Beijing, said on Friday banks must strengthen mortgage risk management, and that includes cracking down on home buyers rushing to get divorced to skirt second-home purchase rules.
Growth in prices of Beijing homes in the resale market was the third-fastest among Chinese cities in February, according to the latest official data, mostly driven by speculators.
People who have been divorced for less than a year should not qualify as…

Source : South China Morning Post
Read more…China mortgage rules tightened to curb people divorcing to qualify to buy second homes

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