Troubled by recession in China! Property dealers are selling houses in exchange for garlic and wheat – न्यूज़लीड India

Troubled by recession in China! Property dealers are selling houses in exchange for garlic and wheat


‘Give wheat, buy a house’

The Central China Real Estate Company based in Henan province of China has also issued an advertisement for this. The slogan of the advertisement is – Give wheat, buy a house. According to the advertisement, farmers will be paid 160,000 yuan for their wheat, which is an installment of the down payment for the purchase of a house. The advertisement states that buyers can use wheat at the rate of 2 yuan per catty as a down payment to buy a house. Katie is a unit of china, which is approximately equal to 500 grams.

Advertisement came out to attract farmers

Advertisement came out to attract farmers

Hainan, China’s largest wheat-producing province, is landlocked. At a time when China’s economy is in recession and the industry is facing severe liquidity crunch, this move by home sellers shows how far they are willing to go to attract home buyers . According to a sales agent of Central China Real Estate, this type of advertisement has been started mainly to attract farmers of the area.

This scheme will remain till July 10

This scheme will remain till July 10

This promotion of dealers will be till July 10. Earlier last month, Central China published another advertisement that said homebuyers could use garlic as a down payment at 10 yuan per catty. The advertisement said that 852 people were affected by this promotion of garlic and 30 deals were done. The wholesale market price of garlic and wheat is 1.5 yuan per gram.

Relaxation given in property rules

Relaxation given in property rules

This year, in many cities of China, the rules regarding the purchase of property have been relaxed. Its aim is to revive the sector. Steps like small down payments and subsidies are attracting buyers. Property agents say that the purchasing power of people is once again increasing but due to economic uncertainty in the country, it is too early to call it the turning point.

A note to our visitors

By continuing to use this site, you are agreeing to our updated privacy policy.

%d bloggers like this: