Growth in China’s home prices slows further as a number of cities have suspended extending mortgages amid the government’s efforts to rein in runaway prices.
Price growth in the 100 cities monitored by the China Index Academy eased to 0.88 per cent last month from 1.56 per cent in October as the cooling measures took effect.
Alfred Lau, an analyst at Bocom International, attributed the slower growth to the increase in minimum down payment for first-time homebuyers to 35 per cent…
Source : South China Morning Post
Read more…Growth in China’s home prices slows further as curbs widen
