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Beijing Oct. personal loan transactions down 10 pct on month

BEIJING
2015-11-02 17:09

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The individual property loan transactions in Beijing fell 10 percent form a month earlier in October, according to data form 5i5aj.com, a personal property financial service provider.

The broker said a string of stimulating policies boosted house buyers' loan demand in the first half of the year, but many buyers have turned to a wait-and-see attitude since the second half of the year.

Moreover, after the central bank lowered the interest rates at the end of October, house buyers expected more favorable policies to be launched, which led to the transaction slowdown in October.

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