Off the wire
• 1st LD-Writethru: China stocks close higher, enthusiasm over Xiongan continues  • Chinese male paddlers' new boss Qin getting results  • Spotlight: Cases of Fukushima nuclear crisis-linked bullying far more than thought: surway  • Indonesian graft investigator attacked with chemical liquid  • China's outbound investment expands in Belt and Road region: report  • Rural tourism sees robust growth in China  • S.Korean stocks fall on worry about geopolitical risks  • Results of Asian table tennis championships (updated)  • Interview: Lam Cheng Yuet-ngor vows to uphold "one country, two systems" principle, work for HK progress  • Commentary: Supervision of outbound investment must be maintained to plug loopholes  
You are here: 　 Home/ News

70% Chinese millennials lead global home ownership

China Daily, April 10, 2017 Adjust font size:

 

70 percent of Chinese millennials (the people born in the 1980s and 90s) are now said to own their home. [File Photo] 

70 percent of Chinese millennials (the people born in the 1980s and 90s) are now said to own their home, and more than 90 percent of those that haven't bought yet say they intend to do so in the next five years, according to a new survey by HSBC.

The survey by the British banking giant included interviews with 9,000 people based in nine countries. While Chinese millennials lead the global trend of buying a home among the age group, Mexico is next at 46 percent, followed by France at 41 percent, the U.S. and Malaysia at 35 percent, Canada at 34 percent, the UK at 31 percent, Australia at 28 percent and the UAE at 26 percent.

Half of all millennials in UAE who have bought homes have done so with the help of their parents. 40 percent of millennials in China have purchased their homes with the help of their parents.