Per­cent

China Daily (Latin America Weekly) - - Business -

“It’s com­mon for a land­lord to charge 200 yuan more per month on av­er­age when a new year or a new con­tract starts,” said Zhang Rong, who owns a small apart­ment in Lishuiqiao area but lives in Hubei prov­ince.

“I heard peo­ple say rentals and home sale prices in Beijing dropped last year. I’m not in Beijing and not so sure about the mar­ket sit­u­a­tion, but I’m cer­tain my flat can be eas­ily rented out and a hike of 200 yuan in monthly rental this year is mod­est.”

Ac­cord­ing to the data of the China Real Es­tate As­so­ci­a­tion, in Fe­bru­ary the av­er­age rental in Beijing was 71 yuan per square me­ter per month, growth in 2017 rentals in Fang­shan, a Beijing district up 2 per­cent from the Jan­uary level.

Five of the to­tal 10 dis­tricts in Beijing have seen a dou­bledigit rental in­crease in per­cent­age terms year-on-year. Fang­shan and Men­tougou dis­tricts have seen the most sig­nif­i­cant price rises of 28.35 per­cent and 23.77 per­cent year-on-year re­spec­tively.

Not only Beijing, even Guangzhou, a first-tier city in the south­ern Guang­dong prov­ince, is ex­pect­ing a boom in its rental mar­ket in the post-hol­i­day sea­son.

“The ac­tive pe­riod for the home rental mar­ket will usu­ally come be­fore that for the sales mar­ket,” said Liang of Hope­flu­ent.

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