Part 1/8:
The Housing Market Crisis in China: A Harrowing Tale of Decline
As the new year began, an alarming trend emerged from various cities in China, reflecting a staggering decline in housing prices. Notably, Chief Fang didn't even make it onto the list of cities experiencing dramatic drops, which begs the question: how did it come to this?
The Five Cities with the Most Severe Price Drops
According to a user from China, the cities experiencing the most significant drops in housing prices are as follows:
Yanjiazhai, Hubei: Housing prices peaked at 45,000 yuan per square meter, plummeting to 6,000 yuan, reflecting a staggering 90% drop.
Yongqing, Hu: Once valued at 23,000 yuan, prices have dipped to 3,500 yuan, marking an 85% decrease.