Chongqing Housing Loan Growth Continued To Fall

2010/9/17 15:52:00 48

The data released by the people's Bank of China Chongqing business management department on the 17 day showed that in the end of 8, the balance of individual consumption loans in Chongqing was 191 billion 468 million yuan, and the personal housing loans in August were 4 billion yuan, but the increase was 544 million yuan less than that of the previous year. The year-on-year growth rate dropped by nearly 1 percentage points compared with July.

So far, the growth rate of individual housing loans in Chongqing has slowed down for 2 consecutive months.

According to the introduction, in the first half of this year, Chongqing city was based on individuals.

Housing loan

The dominant individual

Medium and long term consumption

Loans have been growing at a rate of over 50% a month.

In the first quarter of this year, Chongqing's personal consumption loans increased by 16 billion 200 million yuan in the medium and long-term consumer loans, 6 billion 400 million yuan in April, 7 billion 90 million yuan in May and 6 billion 800 million yuan in June.

However, since July, the growth rate of individual housing loans in Chongqing has begun to drop.

People's Bank of Chongqing business

Management Department

Data provided show that this year, affected by the new housing policy, the cost of housing loans for Chongqing citizens has risen all the way, and mortgage interest rates have been rising steadily.

In August, the weighted average interest rate of floating rate loans for individual housing in Chongqing was around 4.7%, up 0.03 percentage points from the previous month, rising for 6 consecutive months.

According to the median long term benchmark interest rate of 5.94% of personal housing loans, the average interest rate discount of individual housing loans in Chongqing is about 21% off.