Property News · February 15, 2017

Chinese January mortgage growth hits record high


Despite a flurry of new curbing measures since the start of this year, China’s mortgage lending growth hit its highest level in January since at least 2007.
Outstanding household medium-to-long-term loans, the closest indicator of home mortgages, grew by 629.3 billion yuan in January, compared to 607.5 billion yuan a year ago, and is the highest single monthly growth since 2007, the earliest year such data can be traced back.
The data was part of a broader January new credit data released…

Source : South China Morning Post
Read more…Chinese January mortgage growth hits record high

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