Home  Contact Us
  Follow Us On:
Advertising Advertising Free Newsletter Free E-Newsletter

Tianjin becomes latest Chinese city to ease housing policies
Published on: 2024-05-30
Share to
User Rating: / 0

Tianjin has become the latest Chinese city to loosen housing policies in a bid to boost the property sector.

According to a circular issued by local authorities on Wednesday, the minimum down-payment ratio for individual commercial housing mortgages has been lowered to 15 percent for first-home purchases and 25 percent for second-home purchases.

Tianjin also removed the lower limits for individual commercial housing mortgage rates for first-time and second-time home purchases.

This allows banks to reasonably set lending rates for each mortgage based on factors such as the banks' operating situations and customer risks.

The new policies came into effect on Wednesday.



Comments (0)Add Comment

Write comment

security code
Write the displayed characters

    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2024 BusinessTianjin.com. All rights reserved.