More Chinese Families Planning to Buy a Home, Survey Shows

The number of Chinese families planning to buy a home in the fourth quarter of 2022 more than doubled amid the easing of property policies and Covid-19 restrictions, according to a survey of users of online payment platform Alipay.

In the October-to-December period, 16.6% of respondents said they plan to buy a home over the next three months, up from 7% in the third quarter and 8.1% a year earlier, according to the survey report published Tuesday.