• 11/11/2024

Chinese investors struggle to hold on to property abroad as soaring rates, weak domestic economy make mortgages unaffordable

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Chinese investors who have borrowed from the bank to buy a house abroad are facing a double-whammy as they contend with an economic slowdown at home and surging interest rates across the globe that are hampering their ability to pay for their purchases, according to analysts.

https://www.scmp.com/business/article/3252938/chinese-investors-struggle-hold-property-abroad-soaring-rates-weak-domestic-economy-make-mortgages?utm_source=rss_feed