'Hopeless': Chinese homebuyers run out of patience with developers

[Article] Chine : les promoteurs accumulent les retards de livraison, les acquéreurs sont excédés.


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'Hopeless': Chinese homebuyers run out of patience with developers.Beijing (AFP) - Newly married and with his first child on the way, auto worker Wang wanted to move into the apartment he bought in Wuhan three years ago but those hopes were dashed by China's ballooning property crisis.Saddled with $300,000...
This article was published Tuesday, 16 August, 2022 by AFP
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After years of explosive growth fuelled by easy access to loans, Chinese authorities launched a crackdown on excessive debt in 2020 © AFP/File JADE GAO


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