Average rent likely to drop in Q4, experts say  

9月房租涨幅创年内新高 平均租金回落可能性大

9月全国居民消费价格总水平(CPI)同比上涨1.9%，回归“一时代”，但住房租金却创下年内同比涨幅新高。中国国家统计局15日发布的数据显示，今年9月居住价格同比上涨2.3%，其中住房租金价格同比上涨3.2%，环比上涨0.3%。住房租金同比涨幅创年内新高，但环比涨幅较上月有所回落。

Beijing (CNS) -- Real estate insiders say average rents for housing are likely to drop in the fourth quarter of the year, referring to the sharp rise in September.

Housing expenses, which are included in the consumer price index (CPI), rose 2.3% in September from the previous month, the National Bureau of Statistics (NBS) said on Monday. Those figures include paying for rent, utilities and upkeep, but exclude buying property.

Rents rose 3.2% from the month earlier and rose 0.3% year-on-year, according to the NBS data.

Zhang Dawei, an analyst from Centaline Property, said growing demand and property price increases resulted in rents soaring at an average rate of more than 3% since July, reaching a new height in September.

Due to the tepid real estate market, demand for rentals will remain urgent in the near term, Zhang said, adding that as public rental housing enters the market, a significant rise in rents will not appear.