Consuming Houses in China
1 min readIn recent years，improved living conditions have dramatically changed urban attitudes to the home lifestyle；property consumption is becoming a main aspect of China’s rocketing economy.Potential property purchasers envision house ownership as the most reliable investment as well as the chance to live in privacy and tasteful comfort.
The main points of concern when buying a home，other than price，are the quality of the building and the extent of maintenance provided by the building management.
Also to be taken into consideration are the neighbors-whether or not they are in the same income bracket as the buyer and location.The booming residential property market has motivated real estate developers to meet various housing needs，based on levels of consumption.This issue’s Special Report looks at the relatively new market phenomenon of housing in China，and at the reform of its housing policy.
Giving personal accounts of the pitfalls of house purchases.It also compares the generation to whom accommodation was part of their employment package with today’young people，who see it as a privilege worth waiting and paying for.The report presents a comprehensive update on home buying and the Chinese real estate market.
