Page 24 - Property Sector News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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China’s central bank announced Tuesday that it cut its 5-year loan prime rate while leaving its 1-year rate unchanged in the latest move to ease pressures on the ailing property market. It was the first time the 5-year rate was cut since May, and analysts said it was the largest cut on record for that rate. The surprise cut to the 5-year LPR could improve affordability for buyers by lowering the mortgage rates, said Lynn Song of ING Economics.

As China grapples with the fallout from a $7 trillion stock decline, officials are gearing up to brief President Xi Jinping on measures to stabilize the market. This move signifies Beijing’s urgency to restore investor confidence and halt the market’s slide, which has erased a significant value from Hong Kong and China equities since their 2021 peaks. The Shanghai Composite Index, for example, is down over 21% from its high in December 2021. The downturn has been attributed to a variety of facto

Home sales in Türkiye dropped to the lowest level in nearly a year in January, official data showed Friday as months of rising rates and inflation have...

"Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization."