Housing rents fall in major cities across China
6 Articles
6 Articles
Housing rents fall in major cities across China
TAIPEI, TAIWAN — A new survey by Chinese media shows that housing rents in Beijing, Shanghai and Shenzhen have fallen to 2015–2017 levels, while rents in Guangzhou, Chengdu and Tianjin have dropped to the early 2010s levels. Analysts attribute the decline in rents to falling household incomes, which have weakened demand. Click here for the full story in Mandarin.
China's Rental Market Hits Four-Year Low as Housing Glut Persists
China’s urban rental market has plummeted to its lowest point in four years, exposing deep-rooted issues in the world’s second-largest economy. Average rents in 100 major Chinese cities dropped to 2,636 yuan ($361) per 100 square meters in November 2024. This decline signifies a notable downturn in the real estate sector. This decline stems from […]
Oversupply is a major factor in the fall in the value of rents across the country
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