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CW.046.VIKING BOER – CHINA WATCH – The Great Fall Of China’s Housing Market
The Great Fall Of China’s Housing Market: Who Will Pay The Price?
Insight | China Mortgage Boycott******************************
Sep 26, 2022
In July, thousands of Chinese homebuyers threatened to boycott mortgage payments.
Since the Evergrande Crisis, other cash-strapped developers have halted construction,
leaving millions in limbo.Over-speculation left the Chinese property market in jeopardy.
Meanwhile, desperate homebuyers have moved into their
unfinished apartments, making do without electricity and water.
With echoes of the 2008 US subprime mortgage financial crisis,
people around the world are closely watching how this crisis in
China will unfold.
What is behind China’s mortgage crisis?
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