China's P2P Property Lending Growth Six Times Faster Than Banks

  • Loans via P2P platforms expanded 163% last year: Yingcan
  • Home prices in Shenzhen and Shanghai jumped as much as 50%

People walk on a overpass beside a huge construction site in Tianjin. Property-related loans handled by the online platforms climbed 163 percent to 115.5 billion yuan ($18 billion) in 2015, according to Shanghai-based researcher Yingcan Group.

Photographer: Zhang Peng/LightRocket via Getty Images

Peer-to-peer lending for property in China grew more than six times faster than loans extended through banks last year as borrowers took advantage of a less-regulated financing market to take part in the nation’s real estate boom.

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