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Posted: 2025-04-25 01:35:22 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-04-25 01:35:58 UTC
Verified By
Rollup News
The housing market in small and medium-sized cities is collapsing, with prices falling back to 2013 levels and an oversupply of properties. Many people are selling their homes in these cities to buy properties in larger cities for their children's education, which is supporting the housing prices in cities like Nanjing and Shanghai.
Housing market collapse in small and medium-sized cities
Price drops to 2013 levels
Oversupply of housing
Massive sell-offs to fund property purchases in larger cities
Support for housing prices in Nanjing and Shanghai through capital outflow from smaller cities
Oversupply of housing
Falling prices
Lack of buyers
Capital outflow to larger cities