China’s housing market is going nuts again
|09/18/2016||Posted by BusinessMediaguide.Com under General World News||
China’s housing frenzy is still very much alive.
Credit growth roared back, with medium and long-term new loans to households in August, which are comprised of mostly mortgages, jumping 32.2% year-over-year.
That’s the fastest pace of growth since 2010, and suggests homebuyers are trying to get ahead of the game as they expect further tightening of housing and credit regulations, according to a note from a team led by Credit Suisse’s Ray Farris.
Investors and speculators shrugged off the government’s cooling measures, boosting property investment growth to 6% in August. That figure was up 5.4% in January to August from a read more >>>