Women held up half the housing market in China last year, paid 4.7 million yuan on average for flats in first-tier cities, poll finds
- The number of female homeowners had risen from 45.5 per cent in 2017 to 48.6 per cent last year, according to Beike Zhaofang survey
- Younger women have the greater desire to own their flats when they are still single, with a majority viewing them as providing greater sense of security than marriage
The number of female homeowners had risen from 45.5 per cent in 2017 to 48.6 per cent last year, according to the poll, which covered property transactions conducted in 2021 in 38 cities across China.
“The number of female owners and renters has increased every year,” Beike said.
There are nearly 400 million female consumers aged 20-60 in China, who control consumption expenditure of up to 10 trillion yuan annually. Their “spending behaviour on homes will offer a leading trend and bring in new opportunities” for the industry, the online property agency said.
The survey shed light on a number of trends: including a greater desire among Chinese women to own their own homes before marriage; owning property giving them a greater sense of security than marriage; willingness to share the cost of buying a home with their other halves; and also refusal to live in rented accommodation upon marriage.
