Covid-19 Makes Chinese Tenants Want to Move, Live Alone
Liao Shumin
DATE:  Apr 09 2020
/ SOURCE:  Yicai
Covid-19 Makes Chinese Tenants Want to Move, Live Alone Covid-19 Makes Chinese Tenants Want to Move, Live Alone

(Yicai Global) April 9 -- The majority of Chinese tenants are looking to move into another house after the Covid-19 pandemic is contained, which is likely to result in hotter demand than during the same period of last year, according to a survey.

Some 63 percent of survey participants consider signing a new lease for another apartment after the outbreak is over, Chinese real estate broker Lianjia's Ke Research Institute wrote in a report released yesterday. When hunting for flats, the report shows that the top trending themes are reasonable rent, short commute, and living alone.

China's social distancing measures have made many value comfortable living conditions as more than half of the respondents said that they have been barred from accessing their homes at the height of the outbreak. House owners' rights were better protected that tenants in this regard, the report added.

Still, not all of the expectations are likely to be met. Some 63 percent of the respondents said they would like to improve their living conditions but only 35 percent of the total would be ready to pay more for rent.

Thankfully, moving up does not necessarily mean moving house. Some 29 percent of the survey participants said they would spend money to fine-tune the interiors of their homes.

The epidemic has affected tenants' dreams of buying property. Nearly 36 percent of the people said that the outbreak has made them want to buy a house while nearly 31 percent had postponed such intentions. The rest held onto their original plans.

Editor: Emmi Laine

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Keywords:   Covid-19,Property