Vacancy Rates are Higher Than One Might Imagine

From Bloomberg News on A Fifth of China’s Homes Are Empty. That’s 50 Million Apartments

Vacancy Rate

And reported in the South China Morning Post:

The latest China household finance survey conducted by the Southwest University of Finance and Economics, which was published last week, found that the number of vacant urban homes in China has risen to 65 million units in 2017 from 42 million units in 2011, with the vacancy ratio rising to 21.4 per cent from 18.4 per cent in the period.