Average rent likely to drop in Q4, experts say  

9月房租漲幅創年內新高 平均租金回落可能性大

9月全國居民消費價格總水平(CPI)同比上漲1.9%，回歸“一時代”，但住房租金卻創下年內同比漲幅新高。中國國家統計局15日發布的數據顯示，今年9月居住價格同比上漲2.3%，其中住房租金價格同比上漲3.2%，環比上漲0.3%。住房租金同比漲幅創年內新高，但環比漲幅較上月有所回落。

Beijing (CNS) -- Real estate insiders say average rents for housing are likely to drop in the fourth quarter of the year, referring to the sharp rise in September.

Housing expenses, which are included in the consumer price index (CPI), rose 2.3% in September from the previous month, the National Bureau of Statistics (NBS) said on Monday. Those figures include paying for rent, utilities and upkeep, but exclude buying property.

Rents rose 3.2% from the month earlier and rose 0.3% year-on-year, according to the NBS data.

Zhang Dawei, an analyst from Centaline Property, said growing demand and property price increases resulted in rents soaring at an average rate of more than 3% since July, reaching a new height in September.

Due to the tepid real estate market, demand for rentals will remain urgent in the near term, Zhang said, adding that as public rental housing enters the market, a significant rise in rents will not appear.