China’s Rental Market Hits Four-Year Low as Housing Glut Persists

China’s urban rental market has plummeted to its lowest point in four years, exposing deep-rooted issues in the world’s second-largest economy. Average rents in 100 major Chinese cities dropped to 2,636 yuan ($361) per 100 square meters in November 2024. This decline signifies a notable downturn in the real estate sector. This decline stems from […]