Chinese banks ready to cut mortgage rates

Note: This section contains information in English only.
Source: Bloomberg
Chinese banks are likely to present lower mortgage rates to their clients in the second half of the year following a decrease in the demand in the real estate market. The home sales plummeted 9.2% in the first quarter of the year compared with 2013 forcing the developers to lower prices since March. The mortgage restrictions are believed to be the biggest factor limiting home sales.
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