CCTV9英语新闻：安徽取消市场限制，提高房地产贷款

China' Anhui, a province close to Shanghai, announced its latest property market policy guidance.

 

The guidance calls off all existing market curbs. The province will provide better compensation of land for shanty town residents, and will halt new constructions for resettlement households but instead move them into exsiting unsold apartments.

 

The province will also encourage banks to boost loan issuance to individual home buyers, with 20 percent downpayment for first time buyers, and 30 percent for those who don't have any outstanding loans repayment.

 

For the rest, the downpayment level would be 40 percent of the total housing price.