Flood of discounted auction homes deepens China’s property slump
China’s residential property prices kept falling this year as a surge in court-ordered auction homes flooded the market with steep discounts, deepening buyer wariness and stalling any signs of recovery in the world’s second-largest economy. Data from China Index Academy, a real estate research institute, showed the number of properties listed for court-ordered auction across […] The post Flood of…
We haven't written up this one. Asia Times has the full story — the link below goes straight to it.