More mainland Chinese cities are taking steps to shore up the property market as local governments and lenders eased the requirements on down payments and mortgage financing to arrest the worst slump in home sales in a decade.In Heze, a city in northern Shandong province, four major banks have lowered the minimum deposit for home purchases this week to 20 per cent from 30 per cent, according to some buyers who spoke to the Post. Buyers in Beihai in southern Guangxi province have been able to…
Source : South China Morning Post
Read more…China’s housing market gets lifelines as cities, lenders ease down payment and financing to arrest slump
