Currently in the Chinese city of Beihai empty for six years more than 100 villas cost about 500 thousand dollars per household. Mansions were built in the hope that the younger generation of affluent villas sold out.
Chinese authorities have long banned citizens to invest in overseas property, which caused a real boom in the domestic housing market. The country has been built entire cities with skyscrapers, shopping centers, roads and parks that because of the distance from major economic centers derelict.
Locals call them "cities of the dead" because of urban landscapes without a single passer-by.