Monthly rent in Beijing has risen by about a quarter in 2018, according to a research report that has stoked criticism from many of the millions of tenants who live in China’s capital.
A research report issued by property search engine Zhuge showed rental costs up 25.6 per cent year on year at the end of July, with some areas seeing a rise of nearly 40 per cent, says the report.
Those findings track with listings on property sales and rental sites like 58.com, where a 56-square-meter one-bedroom apartment built in 1993 east of Beijing’s central business district currently runs for Rmb4,960 ($724) a month, up 37.4 per cent from a year ago.
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