SHANGHAI -- Prices for existing homes in China are tumbling even in major cities as an influx of sellers and a dearth of buyers undermine the once-unquestioned assumption that the market would only keep growing.
Property
China's existing-home prices back in free fall as sellers rush in
Cooling post-COVID economic recovery fails to lure buyers into market
The owner of an apartment in this Shanghai building had to take over $70,000 off the asking price before finding a buyer. (Photo by Iori Kawate)
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