China's central bank said growth in mortgage loans to home buyers decelerated in the second quarter, as property-control measures started to hit sales in large cities.
Outstanding mortgage loans to home buyers increased 30.8% from a year ago to 20.1 trillion yuan ($2.97 trillion) at the end of June, compared with growth of 35.7% at the end of March, the People's Bank of China said Friday.
Continue Reading Below
Outstanding loans to property developers climbed 18.3% at the end of June, to 6.4 trillion yuan, slightly faster than the 17.3% growth at the end of March, the PBOC said.
Outstanding credit extended to the entire property sector grew 24.2% to 29.72 trillion yuan at the end of the second quarter, compared with a 26.1% increase at the end of the first, the central bank said.
(END) Dow Jones Newswires
July 21, 2017 05:00 ET (09:00 GMT)