Real estate crisis: faced with construction sites at a standstill, Chinese buyers boycott their mortgages

Real estate crisis: faced with construction sites at a standstill, Chinese buyers boycott their mortgages

Posted12 August 2022, 11:03 Real estate crisis: Faced with construction sites at a standstill, Chinese buyers boycott their mortgages In a hundred Chinese cities, the owners of an apartment whose construction is on stand-by have decided not to repay their loan. Purpose: to put pressure on promoters. According to Nomura Bank, developers in China have …

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