While young people around the world are struggling to get on the property ladder, an HSBC study found that 70% of Chinese millennials have achieved the milestone. Worst off are Australia and the UAE, where 28% and 26% of millennials own their own homes.
China has one of the highest home ownership rates in the world - including among millennials If you're aged 19-36 and don't own your home, you're probably not reading this in China. While young people around the world are struggling to get on the property ladder, an HSBC study found that 70% of Chinese millennials have achieved the milestone. A sizeable 91% also plan to buy a house in the next five years, according to the survey. The mortgage lender spoke to around 9,000 people based in nine countries.
unknownx500
