Something Unprecedented Happened in Guangdong China.

#realtybites Today our real estate tips focus around the city of Huizhou. Real estate agents cannot give the properties away and real estate buyers are not taking the huge cost cuts to the housing market valuations,

On May 15th, the property market in Daya Bay witnessed a significant markdown, setting a historic record with a staggering 52% reduction in price for condos

This dramatic reduction underscores the troubling trajectory of the property market in Huizhou, Guangdong, where properties are seeing a precipitous fall in prices, reaching a rare 52% discount, a testament to a veritable market collapse.

Alarming signals emanate from this downturn as the wealthy elites who once held numerous properties have now entirely liquidated their assets, leaving the market in the hands of ordinary investors.

Concurrently, the volume of second-hand homes traded in first-tier cities is dwindling, a trend that could jeopardize China's banking sector and local governance

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