China city first to cut mortgage down payments, media say

February 18, 2022 2:43 PM

BEIJING (BLOOMBERG) – Major Chinese banks in the eastern city of Heze have cut mortgage downpayments for some homebuyers, the first such move in the country to boost flagging housing demand, local media reported.

Source : https://www.straitstimes.com/business/property/china-city-first-to-cut-mortgage-down-payments-media-say