China’s Home Prices Fall to 16-Month Low on Curbs, SouFun Says

China’s Home Prices Fall to 16-Month Low on Curbs, SouFun Says

Nelson Ching/Bloomberg News

Banks in Beijing started offering mortgages to first-home buyers at or below the central bank’s benchmark rate in February, according to Bacic & 5i5j Group, Beijing’s second-biggest real estate brokerage.