Homebuyers backing away from decisions

Article Date : 07 July 2008
News Section: China

The continuous shrinking property transaction and dropping prices prompt more people to hesitate and even withdraw their decision to buy properties. Industry statistics show that the ratio of sold floor area to finished floor area in Beijing, Shenzhen, Guangzhou and Nanjing has below 0.7, putting more pressure on the property price. Some customers’ eager to get refunds...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/realestate/2008/07/08/homebuyers-backing-away-from-decisions.html

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