A sharp increase in rent was noted in Beijing

The monthly rent for housing in Beijing for the period from January to July 2018 increased by 25.6%, according to a study by the Chinese search engine Zhuge. As the Financial Times writes with reference to the search engine, the price increase in some areas was almost 40%. The periodical notes that in Beijing, where millions of people live in rented apartments and houses, the ratio of rents to incomes is one of the highest in the world. According to the Beijing Department of Social Services, recent graduates of universities in 2017 spent an average of 67% of their wages on renting.

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