Property

China housing rents slump to 4-year low amid oversupply

Downturn risks prolonging real estate slump as mortgage rates outpace rental yields

20241225N China condos

China Evergrande Group's housing projects in Qidong have reportedly added more than 40,000 units to the market. (Photo by Noriyuki Doi)

NORIYUKI DOI, Nikkei staff writer
December 26, 2024 01:12 JST

SHANGHAI -- Average housing rents in Chinese cities slid to a four-year low in November amid supply gluts and weakness in the job market, a trend that could further prolong the country's yearslong slump in property prices.

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