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What’s Causing the Sharp Rise in China’s Rent?
Article

What’s Causing the Sharp Rise in China’s Rent?


автоматическое преобразование текста в аудио
автоматическое преобразование текста в аудио

Editorial Rating

8

Qualities

  • Eye Opening
  • Overview
  • Concrete Examples

Recommendation

Wellestudio163 writer Zhang Fan investigates what forces made residential housing rental prices shoot up in Chinese cities between 2017 and 2018 and concludes that government policy rather than market forces are to blame. getAbstract recommends this article to anyone who follows real estate developments, people interested in social issues, and anyone trying to buy or rent in China.

Take-Aways

  • Rental prices in 17 cities across China have jumped on average 8%–15% in between 2017 and 2018 .
  • The population in those cities didn’t grow significantly during that time, so higher demand can’t explain the spike.
  • A thriving real estate market – heated by local governments’ land sales – has driven up real estate prices. Therefore, many people can’t afford to buy homes and must rent instead.

About the Author

Zhang Fan is a reporter for NetEase’s Wechat wemedia account Wellestudio163, which focuses on social issues, current events and trends.


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