China's speculative real estate market has been insane for decades now. If you've ever visited, you can literally see it. A lot of the projects lose funding midway through and just go half constructed and abandoned for years. Large scale malls that were built in the last 5 - 10 years are just completely empty.
Really hoping this is an opportunity for crackdown and the government takes it.
I will say that there is a lot of cheap real estate. I can buy a flat that is five times the size of my shoebox sized flat in the UK for a third of the price.
One of the reasons I would love to move there. I can't imagine ever being able to afford my own home here, but over there I actually could, and even if I couldn't, the rent would be far cheaper.
China's speculative real estate market has been insane for decades now. If you've ever visited, you can literally see it. A lot of the projects lose funding midway through and just go half constructed and abandoned for years. Large scale malls that were built in the last 5 - 10 years are just completely empty.
Really hoping this is an opportunity for crackdown and the government takes it.
I will say that there is a lot of cheap real estate. I can buy a flat that is five times the size of my shoebox sized flat in the UK for a third of the price.
One of the reasons I would love to move there. I can't imagine ever being able to afford my own home here, but over there I actually could, and even if I couldn't, the rent would be far cheaper.