Aug 16, 2022 05:07 AM

ECONOMY

China’s Housing Market Weakens Further Amid Shaken Confidence

By Niu Mujiangqu and Han Wei

More Chinese cities booked home price declines in July after a mortgage boycott spread across the country

More Chinese cities booked home price declines in July after a mortgage boycott spread across the country

China’s housing prices weakened further in July after briefly showing signs in June of stabilizing, underscoring shaky market confidence amid a spiraling real estate crisis.

More Chinese cities booked home price declines in July after a mortgage boycott spread across the country by thousands of angry homebuyers protesting unfinished properties on which they were making loan payments.

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