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buc

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17/03/24

21:58

Post #: 72931011
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Originally posted by onetricky: ↑

Chinese offload property after failing to keep up with repayments

Tokyo | Middle-class Chinese are increasingly selling their properties in Australia and other countries, with some forced to offload their investments at below-market rates, as high interest rates and a sputtering Chinese economy bite, overseas data shows.

For decades, Chinese buyers poured money into high-rise apartments in Sydney, Melbourne and Brisbane, lured by the prospect of quick capital..

https://www.copyright link/world/as...erties-as-rates-slowdown-bite-20240305-p5fa42

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Should ease the rental shortage.
Most of the Chinese property investments were unnocuppied
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