Property News · March 8, 2019

Shenzhen banks become first in China’s megacities to ease mortgage rates – others may follow suit, say analysts


Mortgage rates in Shenzhen have begun to creep down, in a sign that the strict property controls holding house prices in check in mainland China’s biggest cities may be starting to loosen. Some of the southern city’s banks have tentatively lowered their borrowing costs for homeowners in the last few days, making Shenzhen the first of China’s so-called tier-1 cities to bring down the prohibitively expensive rates. Analysts said lenders in other megacities may follow suit. The average mortgage…

Source : South China Morning Post
Read more…Shenzhen banks become first in China’s megacities to ease mortgage rates – others may follow suit, say analysts

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