“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.