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Growth Rate of Real Estate Development Loans Picks Up in Q1, But Personal Mortgages Slows Down, Data from China’s Central Bank Shows  

  • Apr 28, 2023, at 5:33 pm
At the end of the first quarter of 2023, outstanding RMB real estate loans wre 53.89 trillion yuan, an increase of 1.3% year-on-year, but the growth rate was 0.2 percentage point lower than at the end of the previous year.

At the end of the first quarter of 2023, outstanding RMB real estate loans wre 53.89 trillion yuan, an increase of 1.3% year-on-year, but the growth rate was 0.2 percentage point lower than at the end of the previous year.

At the end of the first quarter of 2023, outstanding real estate development loans were 13.3 trillion yuan, a year-on-year increase of 5.9%, and the growth rate was 2.2 percentage points higher than that at the end of the previous year.

At the end of the first quarter of 2023, outstanding personal mortgages were 38.94 trillion yuan, a year-on-year increase of 0.3%, but the growth rate was 0.9 percentage point lower than that at the end of the previous year.

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