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In China, there is no unified official procedure for the rules on the registration of land-use rights and the ownership of property. [28] All interests in land must be recorded in the official government register. This register is proof of ownership. However, different interests might be registered under different registries. [29]
The 2011 estimates by property analysts state that there are some 89 million empty properties and apartments in China, and that housing development in China is massively oversupplied and overvalued, and is a bubble waiting to burst with serious consequences in the future. [11]
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
Registration of ownership of all the natural resources which are owned by the State in accordance with law may be dispensed with." The law covers all of the three property types within the People's Republic of China, which are state, collective, and private which are defined in Chapter 5 of the law. Chapter 4, Article 40 of the law divides ...
Real estate in China is developed and managed by public, private, and state-owned red chip enterprises.. In the years leading up to the 2008 financial crisis, the real estate sector in China was growing so rapidly that the government implemented a series of policies—including raising the required down payment for some property purchases, and five 2007 interest rate increases—due to ...
By July 2022, 235 property developments were affected by boycotts spanning across 24 of China's 31 provinces. Researchers fear that the boycott could affect even more homebuyers. The country's high home ownership rate (96% in 2020) combined with the amount of wealth which Chinese citizens tie in with real estate was cause for alarm. [20]
This draft consisted of 6 parts and 501 articles on general provisions, property ownership, contracts, labor remuneration and rewards, liability for damages, and inheritance of property. In September, the original " Marriage Law of the People's Republic of China " was revised to adapt to the new situation since the reform and opening up.
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1] The home can be a house , such as a single-family house , an apartment , condominium , or a housing cooperative .