Although the official tries to curb the crisis through support measures, the data shows that China's mortgage suspension may be heating up.
According to Bloomberg, a list of attractive attention and "Weeneedhome" on the Github platform shows that buyers have stopped mortgage in 342 projects in 119 cities, which is higher than 100 cities in early August.About 320 projects.There are many housing loans in central Henan Province and Hunan Province.
China's continuous deepening real estate crisis and national loan suspension of mortgages have triggered economic turmoil, and this year has affected millions of housing owners.The government tries to resolve the real estate crisis through a series of measures, including reducing interest rates, requiring banks to meet the developers' reasonable financing needs, and providing special loans through policy banks to ensure the delivery of real estate projects.
But the recovery of the real estate industry is still fragile.In August, China's house prices fell for the 12th consecutive month.Citi estimates that the bad loan ratio of China's real estate industry has risen to 30%.
Github is a popular coder file sharing website, and it is also the source of people publishing documents.The information also provides an indicator for global investors and banks to evaluate the scale of suspension of mortgages.Chinese officials have previously reviewed the crowdsourcing documents that count the number of "mortgage suspension" in the country.
