Housing glut leaves China with excess homes for 150m people
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China is facing a housing glut with an equivalent of 50 million excess homes at the end of 2023. Weak sales and an inventory build-up in the sector are expected to take more than five years for the country to shed excess stock. China's housing demand is likely to fall further due to a shrinking population and rising living standards. The world is bracing for a surge in exports of cheap building materials from China as a result.

#China #HousingMarket #ExcessHomes #BuildingMaterials

https://asia.nikkei.com/Spotlight/Datawatch/Housing-glut-leaves-China-with-excess-homes-for-150m-people