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China’s Easy Loans Expected to Drive Home Prices, Despite Tightening

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Readily available, cheap mortgages and strong demand are likely to keep China’s property market rising, even if restrictions announced in more than a dozen cities over the past week dampen sales and prices over the short term, real estate agents said.

The overheated market is worrying authorities who want to stop price bubbles in higher tier cities, but need to stimulate an economy that is sliding toward its slowest growth since 2009.

In the past six days, 14 Chinese cities imposed administrative restrictions on home purchases to curb property speculation.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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