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China Extends Mortgages To 40 Years, But Homebuyers Remain Reluctant To Borrow

China Extends Mortgages To 40 Years, But Homebuyers Remain Reluctant To Borrow Authored by Michael Zhuang via The Epoch Times, China's decision to extend the maximum term for individual home mortgages from 30 years to 40 years has received a lukewarm response from homebuyers. Residential buildings under construction by Chinese real estate developer Vanke in Hangzhou, in eastern China's Zhejiang province on May 9, 2024. STR/AFP via Getty ImagesSeveral major Chinese banks moved quickly to offer 40-year mortgages after the policy took effect, with some advertising approval times as short as 15...
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Feb 28, 2026 / Tyler Durden
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