People out shopping for an apartment in the PRD are finding that prices aren’t as good as they were a few months ago.
Inflation is becoming a growing problem in China as a whole, and rental rates are no exception. From Life of Guangzhou:
In the China’s capital of Beijing, the financial center Shanghai and the southern metropolis Guangzhou, rents have risen by 10 percent for individual homes, stores and office buildings. In Guangzhou, the rent list is five times the length of the leasing list.
The reports on CPI in January, released yesterday by the National Bureau of Statistics, show this tendency. Individual residence prices went up 7.1 percent compared to the same period of last year, much higher than the rise in other prices.
Let us know if you find any good deals out there, or can recommend any property agents who help you save a few kuai.