The rental market in Shenzhen has shown clear signs of recovery.
With the return of people returning to work and job seekers after the Chinese New Year holiday, the rental market in Shenzhen, Guangdong has seen a revival. According to several real estate agencies, the rental market in Shenzhen has shown significant signs of recovery after the holiday, with a particularly strong demand in core business districts such as Nanshan and Futian. The rent for small apartments in newly built apartments and brand-name apartments near subway stations and industrial parks has increased noticeably. Industry insiders have said, "Compared to before the New Year, the price range for renting a house has increased by 5% to 10%. For example, a one-bedroom apartment that used to be around 4000 yuan before the holiday is now typically between 4500 yuan and 5000 yuan."
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