Some Chinese banks have cut mortgage interest rates in major cities with high demand for homes, including Beijing, Guangzhou, Hangzhou and Foshan, the 21st Century Business Herald reported.
This is the first time that several cities have experienced a simultaneous reduction in mortgage interest rates since last year, when a series of tightened regulations were launched to rein in rising house prices.
According to a real estate agent in Guangzhou, since October, the big four state-owned banks have lowered interest rates on first home loans.
It is now 10% above the 4.9% benchmark interest rate, compared to the previous 15% above the benchmark rate.
Insiders in the real estate sector think that mortgage rates have reached a peak and will now enter a downturn cycle.
Needs big push to boost trade war moral. Still, property inflation has raised costs of all industrirs and cusumer goods. The property curse dsitorted economy, diverting people’s interests toward rental and investment of property to make faster and labor free profits. German had a deep lesson in history of hyperinfation boosted by land and property, nor there is tight control of property market all the time, and Germany economy is healthier than many industral countries.
Needs big push to boost trade war moral. Still, property inflation has raised costs of all industrirs and cusumer goods. The property curse dsitorted economy, diverting people’s interests toward rental and investment of property to make faster and labor free profits. German had a deep lesson in history of hyperinfation boosted by land and property, nor there is tight control of property market all the time, and Germany economy is healthier than many industral countries.
ROBERT NIEMOELLER LOAN INVESTMENT CO.
Good day,
You need an loan for Chrismax or emergency loan to start a business or need a loan for refinancing, Do you need a repayment loan? or you need loan to buy a car or a home?, do not worry, we can help you with such a loan with 2% interest rate !!! contact us now via e-mail for your urgent loan.
E-mail: robertniemoeller33@gmail.com
Thank you.
ROBERT NIEMOELLER LOAN INVESTMENT CO.
Good day,
You need an loan for Chrismax or emergency loan to start a business or need a loan for refinancing, Do you need a repayment loan? or you need loan to buy a car or a home?, do not worry, we can help you with such a loan with 2% interest rate !!! contact us now via e-mail for your urgent loan.
E-mail: robertniemoeller33@gmail.com
Thank you.
ROBERT NIEMOELLER LOAN INVESTMENT CO.
Good day,
You need an loan for Chrismax or emergency loan to start a business or need a loan for refinancing, Do you need a repayment loan? or you need loan to buy a car or a home?, do not worry, we can help you with such a loan with 2% interest rate !!! contact us now via e-mail for your urgent loan.
E-mail: robertniemoeller33@gmail.com
Thank you.
ROBERT NIEMOELLER LOAN INVESTMENT CO.
Good day,
You need an loan for Chrismax or emergency loan to start a business or need a loan for refinancing, Do you need a repayment loan? or you need loan to buy a car or a home?, do not worry, we can help you with such a loan with 2% interest rate !!! contact us now via e-mail for your urgent loan.
E-mail: robertniemoeller33@gmail.com
Thank you.