-
Shanghai’s Real Estate Agents Are in Trouble. Buyers Don’t Mind.
SHANGHAI — For five consecutive months, Cai Hongjia hasn’t shut a solitary offer, an “unprecedently dismal” period of time in her ten years-extended occupation as a authentic estate agent. For a veteran like her, no discounts usually means no income. “No organization offers senior brokers with foundation salaries. If the organization proceeds to continue being sluggish, I’ll depart for one more occupation,” she advised Sixth Tone. Actual estate agents in Shanghai say that it’s been a awful year. Amid a cooling housing current market, and govt steps to discourage speculation on serious estate, gross sales of current residences have plummeted. On best of that, the local governing administration is going…