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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 Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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