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Getting a Mortgage in China | CNBC Property Week | CNBC International

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Published on Aug 19, 2014

Getting a mortgage in China was "easy" for this 28 year old web designer. A 450sq foot apartment for $250,000 in Beijing. "It's easy to get a mortgage" Jiang Lu tells CNBC's Eunice Yoon.

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As China's property market undergoes a downturn, Beijing is encouraging banks to extend loans to first-time buyers. CNBC's Eunice Yoon speaks to a young home buyer about the risks involved.

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