UBS Warns China Could See 2.4 Million Property Foreclosures by 2027 as Loan Defaults Rise

China’s prolonged property slump may deepen further, with UBS forecasting millions of loan defaults that could sharply increase the number of foreclosed homes across the mainland. According to John Lam, head of China property research at the Swiss investment bank, more than 2.4

China’s Long Property Slump Was Always Expected, Economists Say

There is an old saying that history does not repeat itself, but it often rhymes. In most areas of life, that may be true, but when it comes to real estate and the stock market, history behaves in a much more predictable way.