Get all your news in one place.
100’s of premium titles.
One app.
Start reading
France 24
France 24
Politics
Lou KISIELA

China's property market crisis: Homeowners forced to live in unfinished apartments

China Kunming
FOCUS © FRANCE 24

After years of accelerated growth, the real estate sector in China is in crisis. The biggest developers are crumbling under colossal debts. Due to a lack of funds, the construction of hundreds of buildings has been put on put on hold for months, if not years. New apartment owners find themselves paying mortgages for unfinished homes, leaving some no choice but to move into these abandoned construction sites. Our correspondents report from Kunming, in southern China.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Middle children are more cooperative than their siblings, study suggests
After decades of debate, one of the largest ever studies on birth order suggests it does actually make a difference
The Guardian - UK
The Guardian - UK
Work or play? The rise of online ‘kidfluencers’ is raising complex legal and ethical questions
Videos of children opening boxes of toys and playing with them have become a feature of online marketing – making stars out of children as young as two.
The Conversation
The Conversation
She's here for 'a kitchen pep talk' during the holiday whirlwind
If you’re feeling too overwhelmed to cook during the holidays, maybe a new book by Margaret Eby can help
The Independent UK
The Independent UK
All the celebrities that have supported Blake Lively after Justin Baldoni lawsuit
Lively has received a huge amount of support after filing the lawsuit against Baldoni
The Independent UK
The Independent UK
Where’s Santa? Here’s how to track his journey this Christmas Eve
NORAD’s Santa Tracker website launched this year on December 1
The Independent UK
The Independent UK
Gen Z’s politics are hard to categorize – and a harbinger of a new political order
The great clashes to come will be less between left and right than between those inside and outside a dying establishment
The Guardian - US
The Guardian - US
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play