China addresses property crisis amid inflation fears

By Jill Fraser for Lending Central
In a bid to cool off a dangerously hot property market China’s State Council has raised the LVR for buyers purchasing a second home from 40 per cent to 50 per cent while requiring mortgage rates to be no less than 1.1 times benchmark rates.
The State Council (China’s cabinet) also [...]

Related posts:

1. Central bank will have to raise cash rate above 4.5 in 2010
2. Two more rate rises then nothing for 15 years says economist
3. RBA lifts rates for first time in 2010, more to come
4. First home buyers find it harder to get a foothold
5. RBA foreshadows more rate rises but few clues on timing