September and October are the peak season for real estate buyers. Nevertheless, the past two months have been a disaster for China’s real estate companies.
By Redaktion Table
Real estate is a highly political issue in China. Real estate prices have risen rapidly in recent years. Many people have bought houses to invest and speculate. As a normal earner, it is difficult to find affordable housing these days. Housing and rental prices are therefore an emotional issue. The new 14th five-year plan promises more affordable housing. Fears of a bursting bubble were long considered unfounded. However, real estate companies and developers such as Evergande and Kaisa are threatening to cause the housing market to collapse. The Chinese government is trying to counteract the collapse with drastic rules.from the real estate crisis to interest payments by real estate companies and restructuring of the real estate industry – read the latest China real estate news from the Table.editorial team!
