China Home Demand Drops 75% to 5 Million Units as Population Shrinks
Key Points
- China's real estate market is collapsing as home demand plum...
When your apartment loses 20% of its value in two years, you start questioning whether that premium school district was worth the mortgage stress. A Beijing mother just learned this lesson the hard way, and she's not alone in China's rapidly deflating real estate bubble.
China's property market is having what economists politely call a "profound transformation" - which is financial speak for "holy cow, this is really bad." The numbers tell a story that would make any property developer reach for the antacids: annual demand for new homes has plummeted to just 5 million units, down from a peak ...
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