Beijing’s rental market turnover fell by more than 30%, rents are rarely reduced

The average price of whole-rent transactions in Beijing’s housing was 89 yuan/squaremeter/month in the first three weeks of June (June 1st to June 21st), increasing by 0.93% from the same period in May and decreasing by 6.40% from the same period in June 2019, according to data from the institute of 5i5j.com.

The average price of whole-rent transactions in Beijing’s housing was 89 yuan/squaremeter/month in the first three weeks of June (June 1st to June 21st), increasing by 0.93% from the same period in May and decreasing by 6.40% from the same period in June 2019, according to data from the institute of 5i5j.com.

The average price of whole rent transactions was 5,741 yuan/set/month, up 2.75% from the same period in May and down 7.43% from the same period in June 2019.

The market believes that in the short term, the transaction volume in the Beijing leasing market will still decline rapidly, and prices will drop steadily.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/27/beijing-s-rental-market-turnover-fell-by-more-than-30-rents-are-rarely-reduced/.

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