Luxury home sales rebound in mainland China but overall market recovery unlikely: analysts
Sales of luxury homes in mainland China’s top cities are picking up as high-net-worth individuals, benefiting from the country’s tech boom, splash out billions of yuan to improve their housing. The buying binge has sparked expectations of a broad market recovery after a six-year property slump across the country, according to brokers. But analysts said such homes represented just a small portion of the mainland’s property industry, with increasing sales and higher prices not enough to turn…
Where: China
Exact coordinates
china: 35.860, 104.200
Read it at South China Morning Post See this on the map
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