Recent Home Buyers Take to Streets in Protest as China Housing Prices Plummet

Though the ambitious promotion schemes had only marginal effects in boosting sales, they left many earlier customers feeling cheated of their new homes’ value.

Social media photos showing angry Chinese homebuyers protest sudden price drops in real estate. images via Chinese social media

China, for several years, has experienced higher real-estate sales in early October, earning the period the nickname “Golden Week.”

This year, however, the market has fared poorly, with developers doling out properties for steep discounts—to the dismay of many recent buyers across the country.