Property News · September 19, 2017

Generation rent? Not in China’s capital, where owning a home is still the ultimate prize


Authorities in China’s capital of Beijing are trying to get people to rent homes as part of their efforts to keep surging property prices in check, but they may be fighting an uphill battle in a society where not owning property can even affect people’s chances of getting married.
The city government has brought in a series measures recently to try and make renting more attractive, including promising equal residence rights to out-of-towners who rent, and allowing farmers to build…

Source : South China Morning Post
Read more…Generation rent? Not in China’s capital, where owning a home is still the ultimate prize

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