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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]
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]
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]
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.
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 ...
Markets in China sank Friday despite a fresh flurry of measures to help prop up the ailing property sector, as the International Monetary Fund forecast that the Chinese economy will continue to ...
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 ...
The law covers the creation, transfer, and ownership of property in the mainland of the People's Republic of China (PRC) [a] and is part of an ongoing effort by the PRC to gradually develop a civil code. it contains all aspects of property law in the PRC's legal system. [2]