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i live in shenzhen and i would love it if prices dropped 30-40%. i'd buy an apartment immediately lol. i've been checking real estate prices every once and a wh
by deadfoxygrandpa 3y ago
i live in shenzhen and i would love it if prices dropped 30-40%. i'd buy an apartment immediately lol. i've been checking real estate prices every once and a while for about 5 years now ready to buy if something shows up at a good price in an area i want to live in
the reality so far is that prices have pretty much stayed flat for the past 4-5 years. there hasnt been any significant fall anywhere within like 1 hour of me in shenzhen
- berserk1010 3y agoI guess you weren't looking hard enough. Pre-owned housing prices in Shenzhen fell by nearly half from their peak in 2020 after holding up over the past two years of plunging new-home values amid slumping demand and a liquidity crunch for developers. https://www.caixinglobal.com/2023-08-25/shenzhen-existing-home-prices-fall-back-to-earth-102096492.html https://www.caixinglobal.com/2023-08-25/shenzhen-existing-ho... Meanwhile, according to Leyoujia store transaction data, second-hand housing prices in Shenzhen in the fourth quarter of 2023 were around 65,000 yuan per square meter, down 12% from 2022, and 22% lower than the all-time high in the first quarter of 2021. The transaction prices in some areas and real estate have already returned to 2018, and the drop compared to the highest point was as high as 30% to 40%. https://news.futunn.com/en/post/36099590?level=1&data_ticket=1706587237241941 https://news.futunn.com/en/post/36099590?level=1&data_ticket...