Chinese property shock spreads to rents

Tuesday, 30 November 2021

And now for some rental deflation in China:

Average home rents in China’s major cites declined by 1.3% in November from the prior month while transactions in home rental market tumbled by 17.9% month on month, according to a research on Monday.

Among the 40 major Chinese cities, average monthly home rents stood at 39.4 yuan per square meter in November, falling by 1.3% from the previous month and slightly higher than the level a year earlier, according to a report released by consultancy Beike Research Institute.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.