
China's Diverging Housing Market— Massive Price Gap Between Cities Up To A Thousand Times
For average working professionals in Beijing, Shanghai, or Hong Kong, buying a place for themselves would be a mission impossible.
5/2/20195 min read
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For average working professionals in Beijing, Shanghai, or Hong Kong, buying a place for themselves would be a mission impossible.
As the COVID-19 outbreak left many Chinese families struggling to pay their rents and mortgages, several cities introduced “relaxed” home purchase policies to alleviate people’s burden and reanimate the stagnating real estate market.