The article actually claims apartments are not selling (I have no idea if this is true), and presumably the author’s explanation for this is either “people have less money so shrinking demand is lowering housing prices,” or “no one wants to buy a depreciating asset.”
Apartments have become so cheap, people are actually spending their savings to buy them! Outrageous!
The article actually claims apartments are not selling (I have no idea if this is true), and presumably the author’s explanation for this is either “people have less money so shrinking demand is lowering housing prices,” or “no one wants to buy a depreciating asset.”