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Financial Institutions Lend $ 3.5 Trillion to Buyers of Individual Real Estate
On an annual basis, the prices of new homes in 70 major cities in China increased by 5 %, up 4.7% In May, when prices recorded their fastest pace of growth in a year and stabilized The Chinese real estate market has been gradually increasing since the second half of last year, policy makers toughening restrictions to reduce real estate bubbles and reduce credit risk.
The People's Bank of China said that Chinese real estate loans had progressed at a slower pace According to data published in a report released by the bank, at the end of last month, financial institutions lent 23.84 billion yuan ($ 3.5 trillion) to buyers of individual goods, from 18.6% Annual growth of 1.4 percentage points from the first quarter of this year.
Data comes from the government's ongoing efforts to control real estate speculation, especially in big cities, especially after local governments Or again, China is applying a long-term mechanism to regulate the real estate sector to guarantee the real estate market. Supply from multiple sources and provide a multiple channels, encourage both evils
According to official data from the National Bureau of Statistics, housing prices in major Chinese cities remained virtually unchanged in June, the Local governments have committed to increasing restrictions on real estate
. According to a statement posted on its website, the number of new homes in four first-tier cities has been stable for one year, including Beijing and Shanghai
. Compared to May, while 35 cities remained from Liu Jianwei, chief statistician of the department, said: "Local governments were determined to meet housing price control targets and to implement control measures in June .
In recent years, real estate prices in strong growth, especially in large cities, have raised concerns about asset bubbles. "Housing prices in China are relatively stable because of the numbers of 70 cities," said Mao Sheng-yong, spokesman for the department. "But the structural problems are still in the housing market."
Mao said third and fourth tier cities have seen rising prices since the beginning of this year, while some hot spots are facing challenges. "The government will continue to work on the property tax regime and policies that allow" A long-term mechanism will be developed to promote the stable and healthy development of the housing market. "
Real estate investments grew 9.7% year on year over the first six months,
Statistics showed that Chinese real estate investment grew slower in the first half of this year partly because of the strengthening of regulatory measures in the country's real estate markets.
Interest reported State Statistics in its data that China's investment in real estate development has increased by 9.7% a year in the first half of this year. Growth was slightly below the growth rate of 10.2% for the period January to May
Growth slowed for the third consecutive month, down from a high of 10.4% in the first quarter . Investments in the real estate sector reached 5.5 trillion yuan (830 billion US dollars), with 70.2% of total investment in housing projects, which also saw a slight decline, according to the data from the office.
The real estate sector has remained a strong supporter of the Chinese economy and, in the past, it has been heavily fueled by the current stability of the Chinese economy. To a large extent, the HUD's center is helping to defuse financial risks, as real estate developers built about 7.1 billion square meters of housing between January and June, up 2.5 percent from the previous year. year by year, and more than two thirds of them were residential buildings.
Floor area measured 3.3% year-on-year, an increase of 0.4 percentage points over the first five months. At the end of June, housing stock was about 551 million square meters, up from 9.27 million square meters in the previous month.
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