Property News · December 5, 2017

China’s hard-pressed home buyers still aren’t sold on renting


China has begun a great rental giveaway, offering cheap land and subsidised loans in an effort to kick-start the development of home-leasing markets in major cities across the nation.
But anyone expecting a rental housing boom to match the growth of the private purchase market may be disappointed.
China’s real estate industry is likely to remain dominated by the development of flats for sale.
The increase in property prices to unaffordable levels has put a strain on migrant workers and…

Source : South China Morning Post
Read more…China’s hard-pressed home buyers still aren’t sold on renting

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