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Property tax rule pushing up cost of renting

By Xu Junqian | China Daily | Updated: 2011-02-12 07:30

Property tax rule pushing up cost of renting

SHANGHAI - The government's latest property rules are providing extra impetus for rent increases in many Chinese cities, according to a survey conducted by China Youth Daily.

In the survey, 81.6 percent of the 4,060 respondents interviewed said they "are suffering from the increase in rents". Among them, 34.8 percent said their quality of life has been "greatly affected by the increase".

The respondents came from 31 different cities across the country, and nearly 70 percent of them were born in the 1980s.

Property tax rule pushing up cost of renting

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