China's property market wipes out two decades of growth, faces potential collapse
China's real estate sector has lost all the value it accumulated over the past two decades and is now facing the threat of a countrywide crash. According to figures from the Bank for International Settlements, current residential property prices in China have dropped to levels not seen since 2006, following a peak in 2021. Furthermore, recent reports indicate that housing in China has reached its lowest level of affordability ever recorded.
by shortkt.com✓