CITIC Securities says month-on-month rent gains in some cities — together with supply lagging rental demand — are key signals that China house prices have bottomed. It notes policies are reducing homebuyers’ cost burden, making buying relatively more attractive than renting. Recommends investors position for a new China property cycle, favoring developers and leading brokerage firms.

2026-10-03

CITIC Securities says month-on-month rent gains in some cities — together with supply lagging rental demand — are key signals that China house prices have bottomed. It notes policies are reducing homebuyers’ cost burden, making buying relatively more attractive than renting. Recommends investors position for a new China property cycle, favoring developers and leading brokerage firms.