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Tough market conditions hurting China’s real estate agents

Posted on 18 November 2011

Large numbers of real estate agents in China are going out of business or closing branches as the government’s housing curbs continue to slow down the real estate market. Around 1,000 second-hand home realtors have shut down in Beijing since the beginning of the year, 73% of which were smaller firms, according to data provided by domestic realtor Beijing Homelink Real Estate Service Co. Ltd.

Government efforts to ease property price gains and its prudent monetary policies to cool the economy are creating touch market conditions, forcing many real estate agents to scale down operations……………………………………..Full Article: Source


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