Property News · November 28, 2017

Home sales set for decline next year as China battles bubbles with curbs on excess financial risk


China’s efforts to cool the property market might next year lead to the first decline in home sales since 2014, highlighting risks as officials try to battle bubbles without tanking the economy.
As a government campaign tackling excessive leverage and financial risks chokes off some sources of buyer funding, such as consumer loans, developers could also find that credit is tighter next year. As dozens of cities maintain their curbs on property sales, new mortgages have dipped and funds…

Source : South China Morning Post
Read more…Home sales set for decline next year as China battles bubbles with curbs on excess financial risk

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