Growth rate of personal housing loan value China 2015-2023
In 2023, the total value of personal housing loans in China dropped by 1.6 percent compared to the previous year, reflecting a significant decline in the demand of the country's real estate market. The absolute value amounted to 38.17 trillion yuan. On the background of inflating real estate loans, the Chinese government introduced a limit on the share of housing loans which commercial banks can hold on their balance sheets.
