During the past National Day holidays, the Golden Week, property transactions in China’s major cities witness an ever-time low as more potential homebuyers decided to wait and see.

Statistics from the Beijing Real Estate Transaction website showed that the average daily deals over the last week fell to 69 units, which are 72% down year-on-year in the capital. It brought the worst situation for the property sector.

Even Shanghai Autumn Real Estate Expo, which implies the state of the industry, attracted 130,000 visitors from Oct 1 to 4,which were as many as in 2006,its transaction volume Read more…

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homebuyer, low, property, transaction, wait