| 16.08.2011 - Soaring rents push people to quit Beijing |
| Spiraling rent hikes are so out of proportion to local salaries that young out-of-towners may be forced to quit the capital. With rents accounting for as much as half of workers' salaries, and non-residents forbidden to buy, many are priced out of the property market. While the local government's focus has been on cooling down overheated housing sales, they have yet to take action on soaring rents, despite discussions in May..............................................Full Article: Source |