House hunters in China have been coming off the sidelines to take the plunge, tempted by big monthly savings as mortgage rates have dropped across the country.Wang Ning and his wife finally decided to buy a 3 million yuan (US$480,000) two-bedroom home in Nanjing’s downtown when they found the total amount they needed to pay the bank for a 30-year loan had been cut by around 450,000 yuan from late last year.“I have to get my home eventually, so why not get one when loans are cheaper and easier…
Source : South China Morning Post
Read more…House hunters in mainland China come off the sidelines as banks lower mortgage rates
