Zhongzhi Research Institute: In March, residential rents in 50 cities stopped falling and rebounded, with first-tier cities experiencing collective increases

According to the 50-city residential rental price index released by the China Index Academy, over the past two months, China’s housing rental market has shown a positive trend on a phase basis. In February, the average rent for residential properties across the 50 cities fell by 0.11% month-over-month; the decline had already narrowed by 0.34 percentage points compared with January, and the downward trend in rents has clearly slowed. In March, the market’s tendency to rebound became even more apparent: the average rent for residential properties across the 50 cities turned up by 0.09% month-over-month, with the increase at a high level in nearly 24 months, and market activity improved significantly.