Currently, real estate developers are in financial trouble in China, for this reason they began to accept that farmers pay for houses in watermelons, peaches and other agricultural products.Undoubtedly, this is a desperate attempt to attract buyers discouraged by the falling property market.The Chinese real estate market has been hit by a slowing economy and debt crisis, precipitated by a government ban on builders taking deposits before starting construction on a project.Recently, the state-run China News Weekly reported, a developer in the eastern city of Nanjing said he would accept truckloads of watermelons worth up to 100,000 yuan as a down payment from local farmers.Meanwhile, in the nearby city of Wuxi, a promoter was accepting peaches as payment.Not far away, homebuyers in Qi County, a major garlic-producing region in central China's Henan Province, can redeem their produce at three times the market price to pay off part of their down payment.“We are lovingly helping farmers and making it easier for them to buy homes,” said homebuilder Central China Management.China's home sales, measured by square footage, have fallen for 11 consecutive months, shrinking 31.5% in May compared to the same month last year, according to official data.Copyright 2022 SA THE NATION |All rights reservedDownload the application of LA NACION.It is fast and light.Do you want to receive alert notifications?A connection error has occurred