日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Homebuyers go online to finance down payments

By Bloomberg (China Daily) Updated: 2014-11-06 09:52

Peer-to-peer services gain favor among those who want to buy apartments, reports Bloomberg.

Qian Kaishen and his wife almost gave up on buying a bigger home in Shanghai in August.

As apartments at Shanghai Villa, a project they liked near the city's Hongqiao Airport, started selling, the money they had saved for the deposit was tied up in a 5 percent return investment.

Then property agency E-House (China) Holdings Ltd offered them a one-year bridging loan of 280,000 yuan ($45,540) at zero percent interest. The loan came from online investors through E-House's Internet finance website. It covered about half the down payment and was just enough to make up the shortfall.

"Now we're good both on our investment and home purchase plan," said Qian, 31, who works for a local logistics company.

"We would have given up if it weren't for the loan. I don't like borrowing from my parents or relatives, especially because we have the money."

E-House is joining peer-to-peer lenders to finance down payments for buyers struggling to put together a deposit after home prices tripled since 2000. Mortgage lending remains tight, even after the central bank eased its policy in September, as banks anticipate an extended property market decline because of a high supply of housing, according to Standard Chartered Plc.

Home prices in the Chinese mainland are now equivalent to 40 years' average income for an apartment of 100 square meters. That compares with 26 years' median income in New York for an apartment of the same size.

The average price of a typical (84 sq m) home in Singapore is 11 times the median household income, while that for a typical apartment in Hong Kong (50 sq m) is 14 times, according to local official data.

In the mainland, buyers need to make a minimum down payment of 30 percent for a first home and at least 60 percent for a second one before they qualify for a mortgage. The limits are the result of a four-year campaign to stem property speculation.

Those restrictions have helped drive demand for down payment loans.

"The phenomenon emerged in the past year or two largely because of mortgage restrictions and high down payment requirements," said Zhang Haiqing, a Shanghai-based research director at Centaline Group, China's biggest property agency.

The central bank on Sept 30 eased some mortgage conditions for second properties in a bid to revive the market.

"We can't exclude the possibility that as the market recovers, more people will want to buy and some of them will still have to use this channel because they don't have the money," Zhang said.

New home sales slumped 11 percent in the first nine months of the year and prices fell in all but one of the 70 cities monitored by the government in September from August.

Being able to borrow for a down payment means unqualified borrowers are getting mortgages, a practice that led to the United States' housing crash in 2007, according to Standard & Poor's Financial Services LLC.

Homebuyers go online to finance down payments Homebuyers go online to finance down payments
P2P sites are clicking with borrowers Shanghai leads effort to rein in housing market

Previous Page 1 2 Next Page

...
...
主站蜘蛛池模板: 亚洲理论视频 | 午夜影院 | 久久精品99国产国产精 | 狠狠干婷婷 | 亚洲天堂av在线播放 | 五月婷婷激情综合 | 日韩在线一区二区三区 | 最近2019中文字幕大全第二页 | 少妇特黄a一区二区三区 | 亚洲欧美国产毛片在线 | 亚洲激情网站 | 成年人黄色一级片 | 午夜天堂 | 欧美日韩一区二区三区 | 中国二级毛片 | 日韩在线三区 | 色婷婷网| 超碰97成人| 午夜久久久久久久 | 国产精品亚洲视频 | 欧美一区二区三区四区五区六区 | 欧美最猛黑人xxxx黑人猛交 | 亚洲人在线 | 日韩经典一区 | 免费观看爱爱视频 | 九九爱精品 | 男人午夜视频 | 99国产在线视频 | 一级黄毛片 | 国产调教视频 | 日本黄网站色大片免费观看 | 日本黄色小说视频 | 一区二区三区不卡视频 | 在线免费观看亚洲 | 午夜一区二区三区 | 日韩精品一二三区 | 免费看一级黄色 | 另类ts人妖一区二区三区 | 日韩欧美中文字幕在线视频 | 国产成人一区二区在线观看 | 黄色蜜桃视频 |