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China delivers on pledge to lower downpayments for homes

China delivers on pledge to lower downpayments for homes

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Adam Button
30/09/2024 | 14:52 GMT
  • Downpayments to be lowered to 15%

As promised last week, China has lowered the downpayment ratio for first-time home buyers to 15% while the ratio for second homes has been lowered to 20%.

This isn't a new announcement, it's the confirmation of government reports from last week.

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