Konjunkturpaket: China will den Immobilienkauf fördern
Peking erstattet Erstkäufern von günstigem Wohnraum einen Teil der Zinskosten und weitet die Kreditvergabe an bestimmte Branchen aus. Das soll die lahmende Wirtschaft antreiben.
Beijing - China has announced subsidies for mortgage payments and changes in bank lending practices in an effort to revitalize its struggling economy. The state will take on a portion of the interest payments for certain favorable housing across the country. First-time homebuyers will receive support for up to five years, equating to an annualized rate of one percentage point of the mortgage amount. The Ministry of Finance announced this on Tuesday evening.
In addition, the government has outlined several steps to encourage banks to lend in selected areas such as infrastructure and technology. The central bank increased the volume of a refinancing program aimed at promoting technological innovation and equipment modernization by 200 billion Yuan (around 30 billion dollars) to a total of 1.4 trillion Yuan.
It also raised the share of credit that can be financed through the program. The regulation applies to apartments with a maximum area of 120 square meters and a purchase price of up to 1.5 million Yuan. It is set to take effect on October 1st and will initially last for one year.
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