Shanghai residents eager to own flats in the city must move quickly as banks loosen credit, because of expected price rises.Zhang Hua, a 40-year-old engineer with a research institute at Shanghai Jiao Tong University, for instance, said he must land a deal soon, because the pre-owned home market in mainland China’s commercial and financial capital was showing signs of a strong recovery.“The banks are extending more mortgage loans to homebuyers, and pent-up demand will release soon,” he said. …
Source : South China Morning Post
Read more…Shanghai homebuyers looking to capitalise on eased credit policies have to act fast amid expectations of price rise
