Biggest Home Sell-off in Decades, No Buyers, Chinese Say No to Mortgage Slave,More Funds to Flow Out

The lifting of pandemic restrictions, quantitative easing, and national policies favouring economic rebound - any of these can be great news for a marketplace. But when combined, they can be even more powerful.

With these benefits in mind, the Chinese government hoped that its real estate market would quickly rebound. Bank loans were also eased to encourage people to buy housing. How could the housing market in China not prosper? However, the situation is the opposite of what was expected.

Numerous homes have been listed for sale, but there are few buyers. Currently, the largest wave of sell-offs in history is occurring, spanning from major cities to smaller ones. The number of listings is 7 to 20 times greater than the number of transactions. People in China are less willing to be mortgage slaves.