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China's housing market made some gains in May and June, but July's substantial drop has largely blunted any gains made by the previous months of recovery. ....
6 Min Read ZHUOZHOU, China (Reuters) - In Zhuozhou, a small city in China’s north, Zhu has stopped making mortgage payments on her apartment after its developer did not build a promised rail line that would have allowed residents to commute to Beijing for work. People walk inside the apartment compound Taoyuan Xindu Kongquecheng developed by China Fortune Land Development, in Zhuozhou, Hebei province, China March 19, 2021. REUTERS/Lusha Zhang The accountant is one of some 1,000 home owners in the housing project who ceased payments in anger last year, according to Zhu and two other buyers campaigning for compensation who spoke with Reuters. ....
Analysis: In China's small cities, home buyers suffer as debt-ridden developers fail to finish projects reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Analysis: In China's small cities, home buyers suffer as debt-ridden developers fail to finish projects reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.