China - How serious is the housing bubble? The main cause is government's overpriced land sales: China Insights

8 September 2021

China Insights

38.6K subscribers

"Housing price to income ratio" refers to the ratio of the average home price to the average annual household income.

According to China's national housing price statistics for 2020, mainland China ranks first among the world's top economies regarding housing price to income, with a value close to 30. In other words it takes a Chinese household 30 years, without eating or drinking to afford a home.

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