www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 二级毛片在线播放 | 伊人99re| 美女一级毛片免费看看 | 国产免费黄色网址 | 久草在线首页 | 国产在线播放不卡 | 全部免费a级毛片 | 国产午夜免费福利红片 | 成人人免费夜夜视频观看 | 三级亚洲 | 亚洲男人的天堂视频 | 欧美一级人与动毛片免费播放 | 最近中文字幕在线 | 中文 | 欧美成人综合在线观看视频 | 99国产福利视频在线观看 | 欧美成人26uuu欧美毛片 | 国产一区二区三区久久 | 亚洲精品中文字幕一区 | 亚洲a级片在线观看 | 中文字幕一区二区三区在线观看 | 欧美成人福利 | 欧美日韩精品一区二区三区视频在线 | 国产视频软件在线 | 国产一级做a爱片久久毛片a | 国产一在线精品一区在线观看 | 欧美一级在线观看播放 | 高清一级片 | 久久精品二三区 | 午夜精品久久久久久91 | 真人毛片免费全部播放完整 | 青青热久久国产久精品秒播 | 国产日产欧产精品精品推荐小说 | 中文在线免费视频 | 九九视频精品全部免费播放 | 亚洲综合干 | 亚洲在线免费观看视频 | 91免费永久国产在线观看 | 波多野结衣一级 | 草草影音 | 欧美精品1 | 黄网站在线播放视频免费观看 |