By And
Global investors and home buyers in China are losing faith in the country’s property market, which has since entered a new phase of turmoil. one year slide In sales, stalled projects and rising real-estate developer defaults.
This week, a movement among frustrated homeowners, who have threatened to stop paying their mortgages on unfinished homes, quickly gained steam on Chinese social media. People across the country declared that they would do the same if developers did not fulfill the promise of giving already sold apartments.