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Ownership rights are protected under Article 39 of The Property Law of the People's Republic of China, which gives the owner the right to possess, utilize, dispose of and obtain profits from the real property. However, this right has to comply with laws and social morality.
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]
This move towards treating land as a commodity was key in the emergence of commercial housing development in China. [3] As of 2023, China has one of the highest home ownership rates in the world, with 90% of urban households owning their homes. [4]: 170
As financing dries up and debts come due, a cash crunch leaves thousands of homes unfinished, in a crisis with implications for the global economy.
The Property Law of the People's Republic of China (Chinese: 中华人民共和国物权法; pinyin: Zhōnghuá Rénmín Gònghéguó Wùquán Fǎ) is a property law adopted by the National People's Congress in 2007 (on March 16 [1]) that went into effect on October 1, 2007.
China's economy is in a rut, and it continues to weigh on its housing and stock markets. Home sales for one of its largest developers crashed 57% year-over-year in August. Tech earnings growth ...
Property prices fell and home sales also declined in most cities, the statistics bureau said, as China endures a downturn in its real estate market after regulators cracked down on excessive ...
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 ...