0 minute readChina took fresh measures Thursday to curb overly rapid rises in property prices, raising minimum downpayment levels and mortgage rates for certain home buyers. The new rules, announced by the State Council, China’s cabinet, come after urban property prices surged by nearly five-year highs last month. They show while Beijing is more confident in the strength of the country’s economic recovery, it is concerned about the economic and political risks associated with increasingly unaffordable housing prices, analysts say.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio