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CN Nov Individual Home Loans, Development Loans Grow YoY; Property Financing Recuperates
According to data from the People's Bank of China, the balance of individual property loans amounted to RMB38.1 trillion as of the end of November 2021, up RMB53.2 billion from...
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CN Nov Individual Home Loans, Development Loans Grow YoY; Property Financing Recuperates
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2021/12/14 07:33
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According to data from the People's Bank of China, the balance of individual property loans amounted to RMB38.1 trillion as of the end of November 2021, up RMB53.2 billion from that in October, reported China Securities Journal.

By the end of November, the volume of property loans issued by banking and financial institutions stretched by over RMB200 billion YoY, among which the balance of individual property loans grew over RMB110 billion YoY and the property development loans expanded by over RMB90 billion YoY, the report added.

Such figures illustrated that the financing condition for the property sector is showing signs of recuperation, remarked industry insiders, as they forecast the property financing to further normalize, which will in turn propel a benign cycle and healthy development for the sector.
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