After a five-year property slump, an increasing number of tenants in China’s biggest cities are opting to buy small flats with their years of savings, betting on a turnaround in the country’s home market that has yet to arrive.However, the recent buying spree – centred on low-priced pre-owned homes – did not give banks’ mortgage loan businesses an effective boost because buyers raised their down payments to avoid interest costs.“More tenants are feeling that paying a few thousand yuan a month...