Chinese developers are now willing to be paid in farm products for homes

The companies advertised deals to let people use produce – including peaches, water melons and garlic – as down payments on new homes.

However, some of these unusual offers have now reportedly been pulled.

Home sales in China have fallen for 11 months in a row, while this week a major developer defaulted on its debts.

Last week, a property company in the eastern city of Wuxi said it would allow peaches be used to offset as much as 188,888 Chinese yuan ($28,218; £23,289) in down payments for homes.

Another developer in nearby Nanjing said it would accept as much as 5,000kg of watermelon from farmers. It valued the produce at 100,000 Chinese yuan – several times what it would cost at local markets.

(source:BBC)