Survey shows house prices still too high

Almost 80 percent of people in Beijing expressed their preference to rent rather than buy a house, given the high property price, according to a recent report by the Beijing Social Facts and Public Opinion Survey Center.

Among the 1,162 Beijing residents interviewed, 77.8 percent responded that they would prefer to rent a house rather than buy one.

Only 15.3 percent of interviewees still wished to buy houses regardless of the high prices. The remaining 6.9 percent said they were not sure yet.