According to the professional analysis in the real estate market, more and mre migrants are willing to live in Shanghai for a long time as the city’s economy has been growing rapidly and the infrastructure and education facilities have been greatly improved in the recent years.
Thosepeople want move out of their rented home and buy properties in Shanghai instead. Another reason is that in Shanghai rent market, with issuance of the police of 70/90 sqm and, consequently, with the increased supply of small and medium-sized properties, tenants have more and more choices.
Now there are a large number of small and medium-sized properties coming to the Shanghai rent market, this situation actually help keep the rental from further increasing.
On the contrary, now the monthly rental on the Shanghai rent market hs been somewhat decreased. As a local real estate agent says, in the past, the vacancy period of a property on the Shanghai rent market was about 2-3 month. At present, however, some properties have been vacant for even half a year. Therefore, the landlord has to lower the rental to attract tenants on the Shanghai rent market.
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