Posted 11/19/2023, 6:57:29 AM
Rising Rates Drive Global Demand Shift to Rentals, Boosting Multifamily Market
- China's home rental market poised for growth as high interest rates shift demand from buying to leasing
- Shanghai's supply of new multifamily units to nearly triple in next 2.5 years; rents likely to grow 3-5%
- Policy support expected to boost investment in rental housing sector in China
- Asia-Pacific region and US also seeing robust growth in multifamily amid urbanization, single households
- Higher interest rates in US shifting more demand from home purchases to rentals, benefiting multifamily sector