China’s housing rental industry plays a crucial role in the future of the real estate market, according to the People’s Bank of China (PBOC). The PBOC emphasizes the importance of the rental market in providing affordable housing options for residents.
The growth of the rental market is essential for promoting a healthy real estate market in China. It offers an alternative for those who are unable to afford to buy a home, as well as providing flexibility for those who may need to relocate for work or other reasons.
The PBOC encourages the development of the rental industry to meet the diverse needs of the population. By promoting the rental market, the government aims to stabilize housing prices and reduce speculation in the real estate market.
Overall, the PBOC believes that a strong rental market is essential for the future stability and growth of the real estate market in China. By providing affordable housing options and promoting a more balanced market, the rental industry plays a crucial role in shaping the future of real estate in the country.