Driven by the graduation season, rents in Shanghai and Shenzhen have risen in recent months, driven by demand such as rent exchange from family tenants. Since March of this year, residential rents in Shanghai have been rising sequentially for 5 consecutive months. Industry insiders said that the recent sharp rise in volume and price in the Shanghai rental market is due, on the one hand, to the concentrated release of demand during the graduation season and student season; on the other hand, it is also driven by the stabilization of the second-hand housing market. In July, the number of second-hand housing units sold in Shanghai was about 23,000 units, up 19% year on year, and hit a record high for the same period in five years. The sales volume of the Shenzhen rental market in July hit a record high for the same period since 2019. In order to attract more college graduates to work in Shenzhen, Shenzhen provides job-seeking graduates with free housing allowances for 15 consecutive days. At the same time, many parks and housing service companies have also introduced free lodging policies during the internship period. Multiple measures have effectively reduced the cost of living for young talents in the early stages of coming to Shenzhen, and have further boosted the demand for rental housing. According to statistics from research institutes, rental transactions in Shenzhen increased 19.6% month-on-month in July, and the popularity of market transactions was higher than in the same period last year, with a year-on-year increase of 2%.

Driven by the graduation season, rents in Shanghai and Shenzhen have risen in recent months, driven by demand such as rent exchange from family tenants. Since March of this year, residential rents in Shanghai have been rising sequentially for 5 consecutive months. Industry insiders said that the recent sharp rise in volume and price in the Shanghai rental market is due, on the one hand, to the concentrated release of demand during the graduation season and student season; on the other hand, it is also driven by the stabilization of the second-hand housing market. In July, the number of second-hand housing units sold in Shanghai was about 23,000 units, up 19% year on year, and hit a record high for the same period in five years. The sales volume of the Shenzhen rental market in July hit a record high for the same period since 2019. In order to attract more college graduates to work in Shenzhen, Shenzhen provides job-seeking graduates with free housing allowances for 15 consecutive days. At the same time, many parks and housing service companies have also introduced free lodging policies during the internship period. Multiple measures have effectively reduced the cost of living for young talents in the early stages of coming to Shenzhen, and have further boosted the demand for rental housing. According to statistics from research institutes, rental transactions in Shenzhen increased 19.6% month-on-month in July, and the popularity of market transactions was higher than in the same period last year, with a year-on-year increase of 2%.