Research conducted in China has discovered 22 percent of Chinese urban housing is unoccupied, an amount that adds up to about 50 million empty houses.
Holiday homes and empty properties of migrants seeking work elsewhere are contributing factors to the empty homes but the market has been impacted most by increases in investment property purchases.
Vacant homes have put economic pressure on the Chinese housing market, with a drag on supply, increased housing prices, and young buyers becoming crowded out of the market.