SHANGHAI — Average housing rents in Chinese cities slid to a four-year low in November amid supply gluts and weakness in the job market, a trend that could further prolong the country’s yearslong slump in property prices.
Rents in 100 major cities averaged 2,636 yuan ($361) per 100 sq. meters this past November, data from research firm Wind shows — the lowest since the same month of 2020.
