CCTV.com - CNTV English - CCTV News

Survey: No dramatic rental price surge

07-08-2010 08:59 BJT

Watch Video

Play Video

A survey by a real estate agency has found that rents are on the rise in four of China's big cities.

According to the survey, the rental price in Beijing increased more than 18 percent between March and June this year. It represents a 2 percent surge every month, on a year-on-year basis. The survey also found that in addition to seasonal factors, tenants who sub-let the properties are pushing up rent costs.

Experts warn the industry and consumers to be cautious about the phenomenon, that's arisen from legislative loopholes.

Ma Guangyuan, economist said "A possible result is that you can't rent a house at a fair price anymore. We blame the brokerage company because they are in a unregulated market, including its information, its resources, supervisions and the prices itself. All of these provide a good chance for the agent company to hold a monopoly. It's easy for a real estate agency to control houses in a typical area."

Editor:Xiong Qu |Source: CCTV.com

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program