The Real Deal - New York Real Estate News

China limits property loans to curb housing bubble

Posted: 03 Jan 2021 09:00 AM PST

In an effort to curb a possible housing bubble, China’s central bank has issued a new mandate for lenders: Limit the number of loans you’re offering. The People’s Bank of China announced the new regulations, which will affect loans to both developers and property mortgages, earlier this week, Bloomberg News reported. The new regulations, issued along with the China Banking and Insurance Regulatory Commission, call for limiting loans to developers to 40 percent for state-owned

“Game of Thrones” star takes loss on Venice home

Posted: 03 Jan 2021 06:00 AM PST

There was no raging inferno or even any Dothraki khals, but Emilia Clarke did not walk away from her Venice home sale unscathed. The actress, immortalized by her role as Daenerys Targaryen in the seven-season epic “Game of Thrones,” took a loss on her Los Angeles–area two-bedroom, unloading it for $4.4 million, the Los Angeles Times reported. She had paid $4.64 million in 2016, when her dragon-queen character was still plotting to seize power in