Bei­jing No 1 in hous­ing un­af­ford­abil­ity: study

China Daily (Canada) - - NEWS CAPSULE -

Ris­ing prop­erty prices in China’s ma­jor cities have scared off many young peo­ple and the sit­u­a­tion is only be­com­ing worse as rent in those cities is be­com­ing un­af­ford­able.

Sta­tis­tics for rent in 42 ma­jor cities show that Bei­jing, Shang­hai and Shen­zhen — cities in the first tier — take the lead in hous­ing rent na­tion­wide. Bei­jing is at the top of the list of hous­ing un­af­ford­abil­ity in China for the third straight year, ac­cord­ing to a re­port re­leased by real es­tate ser­vices firm E-House China.

The av­er­age monthly rent in Bei­jing has al­ready hit $10.86 per square me­ter per month. To rent a 100-square me­ter house in Bei­jing, it would cost $1,067. The price is much higher in re­gions closer to the city cen­ter.

Bei­jing was at the bot­tom of an­other list: China’s most liv­able cities.

The city of Qing­dao was the most liv­able city among of 40 cities sur­veyed by the Chi­nese Acad­emy of Sciences.

XIN­HUA

A flamingo chick is seen at the Nan­ning Zoo in South China’s Guangxi Zhuang au­ton­o­mous re­gion, on Wed­nes­day. The baby bird was hatched on June 4.

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