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Many Places in Mainland China Have Introduced 40-Year Mortgages; Homebuyers Say It's Not Worthwhile.
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Many Places in Mainland China Have Introduced 40-Year Mortgages; Homebuyers Say It's Not Worthwhile.
China's real estate market remains sluggish, prompting many regions to introduce new policies in an attempt to reverse the downturn, including mortgages with terms up to 40 years. While banks are actively promoting these services, homebuyers are largely adopting a cautious wait-and-see approach. According to a report by *First Financial Daily* on September 9th, several regions have introduced new real estate policies. Hainan, Chengdu, Xi'an, an…
·New York, United States
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