Home comfort for new buyers

Policies targeting illicit finance for property down payments will provide greater security against risks

While buying a home is widely seen as a sign of providing yourself with a stable and sound living environment, the government is issuing new policies that prohibit home buyers from potential risks.

China will ban property developers, real estate agencies, as well as internet finance and micro-loan companies from providing illicit down payment financing for buyers. In early November, the Ministry of Housing and Urban-Rural Development issued a regulation that rules out any kind of financing for down payments on buying property.