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It seems the good times have passed for property vendors in Beijing. But the rental market is still booming. Real estate agent Homelink says rental prices are on rise in Beijing. In June, the average monthly rent is about 2,950.
That's an increase of 2.1 percent month-on-month and 16 percent year-on-year. Market analysts say the rise is mainly due to the overall economic recovery. They also say that more and more owners of pre-owned properties will face difficulties in selling their properties. That means the supply of rental housing will also increase, easing prices down.
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