Reported 12 months ago
On July 3, 2024, in China's ever-increasing property market bubble problem, the capital Beijing's housing market is also suffering. Many Chinese people are facing difficulties in paying off loans and have their houses auctioned off by the court before even moving in. One homeowner revealed online that the property value in their community dropped dramatically, leaving many in debt with worthless houses. The situation has led to discussions online and raised concerns about the impact on the economy and individuals.
Source: YAHOO