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Young homebuyers take refuge in China's rust-belt towns
Young homebuyers take refuge in China's rust-belt towns
by  AFP

Fontana Fang has dived into China's cutthroat real estate market and emerged victorious, shaking off soaring prices to snap up a handsome property for next to nothing -- a distant dream for many. Fang, 29, is part of a wave of young Chinese choosing to invest in dirt-cheap real estate in declining and remote industrial regions, ditching China's modern, expensive metropolises.

Chinese mortgage strikers despair as unfinished homes stay stalled
Chinese mortgage strikers despair as unfinished homes stay stalled
by  AFP

Gao Zhuang says he has refused to pay his mortgage for months, a desperate protest against the Chinese property developer he blames for endless delays on the unfinished apartment he bought years ago for his son. But the developer announced delay after delay, and construction work ground to a virtual halt late last year.

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