China home prices: Property curbs are having intended effects - BBG
|Bloomberg offers insights into the latest Chinese data release, which showed that home prices in China increased last month in the fewest cities in a year.
Key Points:
Signaling property curbs to deflate a potential housing bubble are taking effect
Chinese authorities have expanded curbs on home purchases
And tightened restrictions on property lending
In an attempt to avoid a housing bubble and reduce financial risks
Some bank branches in Beijing, Guangzhou and Chongqing have raised mortgage rates for first-time buyers, people familiar with the matter said earlier this month
Full article here
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.