An article recently published on the Voice of America Chinese network discusses about the China’s credit crisis behind the tide of refunding the real estate. 

An article recently published on the Voice of America Chinese network discusses about the China’s credit crisis behind the tide of refunding the real
estate.

As the
housing price decreases greatly, the owners suffer great loss. The owners complained that their investment in the real
estate has so severely diminished. Some would-be owners are dissatisfied that
before the house has been handed in them, the price has decreased. They believe
it unfair for them to compensate for the buddle in the real estate industry as
it is the developers who have made great sum of profits in the real market
previously.

Then do the owners have any right to maintain? Dean of China
Development Institute of Tourism and Real Estate Research Center, Song Ding told
the official media that the purchase contract must be adhered to, but at the
same time the buyers’ innate weak bargaining position must be paid attention
to. Meanwhile, developers shoulder the responsibility of pushing up house
prices. He believes that the reason for the fact that in China’s real
estate market, whenever the price decreases, the refunding increases is that there
are many frauds in the aspect of real estate sales and n regulatory loopholes.

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