The forecast for per capita expenditure of urban households on residence in China indicates a progressive increase from 2024 to 2028. In 2023, the actual expenditure was not provided, but the forecasted growth suggests a continuing upward trend. The year-on-year growth is consistent, with expenditures rising by approximately 7-8% annually. From 2024 to 2028, this expenditure grows at an average CAGR of around 6.7% over the five-year period. This reflects an increasing financial commitment towards urban housing by households.
Future trends to watch for include potential impacts of governmental policy on housing affordability and urbanization rates, economic growth, and demographic shifts such as urban-rural migration patterns that could further drive housing demand and expenditure.
