Property News · April 11, 2017

Why so many Chinese millennials can afford their own homes


A survey has suggested that mainland China has the highest rate of home ownership among young people in several countries polled.
The study by HSBC found that 70 per cent of “millennials” surveyed on the mainland owned their own home. That compared with 35 per cent in the United States and 31 per cent in Britain.
Some 9,000 people were polled in nine countries aged between 19 and 36.
The high rate of home ownership among younger Chinese could be due to the cultural value placed in…

Source : South China Morning Post
Read more…Why so many Chinese millennials can afford their own homes

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