Housing prices in Sanya rental market soar during off-season
House prices in the Sanya rental market remain at its strongest level during the off season as a result of uncertainty about the property market influenced by the national house purchase restrictions, reports 0898.net.
In some remote areas like Yinbin Road and Jinjiling Road, the rental prices are still relatively high. According to relevant sources, the average rent for a 1 bedroom apartment is 1,200 yuan per month, 2,300 yuan for 2 bedrooms and 3,500 yuan for 3 bedrooms.
The price increase in the rental market is being driven by more people choosing to rent rather than buy a home in Sanya as a result of difficulties when it comes to getting a mortgage and saving a deposit.
Besides, the unwillingness of landlords in high-end communities to rent out their properties causes the shortage of rented houses, which leads to rental prices continuing to increase during the off season.