Older generations in China invest their considerable savings in real estate, buying houses and apartments and hoping that they will appreciate in value over the years, but times are changing.
China's leadership still sees real estate as a pillar of the national economy, but investor confidence among Generation Z members is waning and appears to be less attractive to younger generations, with experts This change is due to the rapid demographic changes the country is having.
Patrick Lu, 32, a lawyer in the southern metropolis of Guangzhou, says he has several two-bedroom apartments in the city. I am not interested in investing.
“Until now, most Chinese born between the 1960s and his 1980s invested most of their income in the real estate market. We have a huge inventory of homes,” said Lou, who is single and rents an apartment with a colleague near her law firm. "But we no longer think like the older generation.
