BEIJING : The number of property foreclosures in China rose 32.3 per cent in the first nine months of the year, according to a private survey, as home owners grappled with debt amid a property market slump and shaky economic recovery.
Property foreclosures in January-September rose to 584,000 units from 441,000 the same period last year, according to a survey by China Index Academy on Saturday, one of the country's largest independent real estate research firms.
Cities with high numbers of foreclosures were concentrated in the southwestern province of Sichuan, with an increase of 27,585 from a year earlier to more than 70,000.
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