Search results
Results from the WOW.Com Content Network
The same day, official figures showed real estate output in China was down 1.6% in the third quarter year on year, the first time it has been negative since the start of the pandemic. [ 43 ] On 20 October 2021, the National Bureau of Statistics of China published data indicating that home prices had fallen month-on-month for the first time ...
Chinese real estate developers desperate for a government lifeline are getting the opposite—survival of the fittest. ... Ni largely refrained from commenting directly on the collapse of the ...
In 2022, real estate trust defaults totalled 93 billion yuan ($13.1 billion), up slightly from 91.7 billion yuan ($12.9 billion) in 2021, according to Chinese data provider Use Trust.
China’s massive real estate sector fell into trouble after the government clamped down on excessive borrowing by developers in 2020 in an attempt to cool the property bubble.
An empty corridor in the mostly vacant New South China Mall. The 2005 Chinese property bubble was a real estate bubble in residential and commercial real estate in China. The New York Times reported that the bubble started to deflate in 2011, [1] while observing increased complaints that members of the middle class were unable to afford homes in large cities. [2]
This situation is of concern because of the real estate market's importance After going on an aggressive building spree that sparked the Chinese economy, Reuters reports that new home prices fell ...
One of the key reasons for the Chinese mortgage boycott is a result of the previous high demand for housing. The rise of the middle-class in China since the early 2000s precipitated a substantial investment in property, with many channelling savings into real estate as given the widely-held perception of Chinese property as one of the most stable forms of investment, with house prices ...
The impact on China's economy could be devastating and permanent, much like Japan's crash of the 1980s, analysts speaking to CNNMoney warn. Home prices have spiked as much as 8 percent or more in ...