Property News · May 8, 2019

China’s millennials search for ways to pool savings as property in Beijing, Shanghai soars even further out of reach


Less that a fifth of Chinese millennials – or those born after 1990 – have been able to get on the housing ladder without the support of their extended families, focusing a spotlight on the nation’s growing housing crisis where young adults are scrambling to pool together funds to meet deposit requirements.In recent times the practise of pooling savings from family, even among unmarried couples, has become so prevalent that some prospective homebuyers feel disadvantaged when single.According to…

Source : South China Morning Post
Read more…China’s millennials search for ways to pool savings as property in Beijing, Shanghai soars even further out of reach

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