Beijing reports slowest mortgage growth in 5 yrs

Source: Xinhua| 2018-07-28 23:17:28|Editor: Chengcheng
Video PlayerClose

BEIJING, July 28 (Xinhua) -- Beijing reported the slowest growth in the outstanding mortgage loans in five years as government curbs helped to cool down the property market.

The city's outstanding mortgage loans increased 9.6 billion yuan (1.4 billion U.S. dollars) in the first half of the year, compared with 103.2 billion yuan in the same period last year, according to the Operations Office (Beijing) of the People's Bank of China, or the central bank.

The outstanding mortgage loans by the end of June rose 4.6 percent year on year, the slowest growth in five years and 28 percentage points lower than the same period last year, the operations office said.

Meanwhile, banks extended more loans for public housing development as the city government seeks to build more public housing to offer more affordable homes for city dwellers.

Outstanding loans for real estate development grew 40.8 billion yuan in the first half, 67 percent of which went to public housing development, the agency said.

Apart from offering more public housing, authorities in Beijing also rolled out other measures, including stricter purchasing limits and higher down payment and mortgage rates, to curb real estate speculation.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001373543041
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
偷偷久久久久久网站 | 亚洲中文精品视频在线 | 亚洲伊人久久成综合人影院 | 亚洲国产精品艾草 | 亚洲成AV人片乱码色午夜男男 | 亚洲综合中文字幕在线专区 |