In March, the residential rental transaction volume in Guangzhou increased by more than 140% compared to the previous month.

With the arrival of the post-Chinese New Year rush back to work and the launch of spring recruitment activities, the number of migrant workers coming to Guangzhou has been increasing gradually, driving a significant increase in the activity of the residential rental market in Guangzhou and ushering in the traditional peak season for residential leasing. According to a report released by the Guangzhou Real Estate Agents Association on the 16th, the volume of residential leasing transactions in Guangzhou in March increased significantly by 140.79% compared to the previous month. The report analyzes that after the Spring Festival holiday, the customer base in the residential leasing market is mostly new young people with weaker rental payment abilities, who tend to choose high cost-effective housing when renting. Residential properties in the suburbs have become the preferred rental area for many tenants due to their relatively convenient transportation, continuously improving supporting facilities, and relatively moderate rent, driving the rental increase in March.