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Our latest edition of China Market Watch is out now! This includes updates on the current trends in the residential rental market and typical school and transportation costs. The Market Watch covers updates for the major and popular assignment cities: Shanghai, Beijing, and Guangzhou.
The housing market is stable in terms of supply and demand. Although fewer expatriates are relocating to China, local rental lease transactions remain robust. Expatriates now face the challenge of competing with locals, as landlords favor personal leases signed by locals over corporate leases often used by organizations for relocating employees. In Beijing, rental rates are rising by approximately 3 – 10% due to strong demand and limited supply.
The demand for temporary housing, such as serviced apartments, remains strong among locals, and landlords tend to favor long-term rentals (such as three months) over shorter stays.
China, especially in cities like Shanghai and Beijing, offers various schooling options with generally good availability based on grade level and enrolment timing. In Guangzhou, schools often require interviews due to high competition and limited spaces. Therefore, applying for schools early is advised when moving to China.
Download a copy of our Market Watch for more details.
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