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在线翻译:
szdaily -> Business
Beijing housing loans fall 20%
    2017-May-8  08:53    Shenzhen Daily

LOANS for homebuyers in Beijing dropped 20 percent in the second to fourth weeks of April compared with the previous three weeks, domestic media said Saturday, a sign that a flurry of tough curbs have helped calm the red-hot property market.

Commercial banks in Beijing granted 1.53 billion yuan (US$222 million) in loans to homebuyers, Xinhua said. First-time homebuyers accounted for 82 percent of the loans.

The drop follows unprecedented tough restrictions China announced in March to fight soaring property prices, including tighter mortgage checks and a crackdown on homebuyers who file for divorce to skirt second-home purchase rules.

Six of China’s largest commercial banks also raised interest rates on housing loans in Beijing for both first and second-time homebuyers from May 1.

Similar policies have also cooled home-buying demand in other cities.

The southwestern metropolis of Chongqing launched a six-month crackdown on illegal property sales, Xinhua said.

(SD-Agencies)

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