Year in Review: China’s Property Market at a Turning Point - The government began to loosen up last year on a clampdown that upended an industry, but developers won’t be able to rely on the business model of the past
It’s also worth noting that 90% of families own their home giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans.
That’s cool to know, hopefully this will lower property prices, I heard they’re high in some cities
It’s also worth noting that 90% of families own their home giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans.