China home prices: Property curbs are having intended effects - BBG

Dhwani Mehta FXStreet

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

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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