On april 19th, beijing's electricity (journalist quuu) client, china's city of beijing, experienced an increase in rents, but the rents fell back on average. According to the analysis, the low supply of rental housing and the imbalance between supply and demand were the main reasons for the increase。
Part of the house rents are rising
Chen guang has rented a two-bedroom in the capital town of beijing. He said that the price set for the contract was $3,000/month last year and that the landlord had requested an increase of $700 per month when it was renewed in april this year。
“the increase was due to the landlord's rent elsewhere and the increase in the rent of his own house.” chen guang。
In addition to the mountains, rents have risen in some subdistricts in other regions of beijing。
Yang has rented a one-bedroom outside the eastern city of beijing at a price of $6,000 per month last year, and recently the rent of the reference neighbourhood has been increased to $6,500 per month。
According to a query from the chainer app, two rooms of about 60 m2 in a sub-district of the town of guangang in the haydam district were rented at a monthly rate of $8,000 at the beginning of april. In recent months, according to the historical data of chainers, the rent for the two-bedrooms in the district has been rising, at an average monthly rate of $7,000, $7,400, $7,300 and $7,800, respectively, from december 2016 to march 2017。
Chainer app shows a two-bedroom rental trend in a sub-district of the beijing haidian district. Source: chainer apshot
Reports issued by the institute for secure tenure indicated a marked increase in march in the national multi-land rental market. The demand for rental housing in beijing increased by 179 per cent during the first half of the festival and the first half of the spring holidays。
What types of subdistricts in beijing have seen a larger increase in rent? The director of research at the centre for think tanks of the institute of eviction jumped into an interview with a chinese journalist, saying that the rent of houses around the beijing four circles was easier to raise and that it was a relatively large area for renters. Sub-district districts, for example, still have relatively fast rent increases。
Although rents rose in beijing, the increase fell in comparison with the same period last year. According to data released by the institute of chainers, rent levels in the beijing rental market rose by 8 per cent in the first three months of 2018, 9 percentage points from the 17 per cent decline in the same period in 2017, and the pressure for rent increases decreased significantly。
The main reason for the high rent is rental housing. Less
The increase in rents in beijing since 2018 has been affected by multiple factors。
“the most painful point in the current leasing market is the tight supply and demand structure.” the chief analyst of china's real estate, zhang daewei, said that, especially in the first and second-line hotspot cities, the most important reason for the high rent levels was the low rental stock。
This is also confirmed by the data published by the institute of chainers. Between august last year and february this year, the number of new rental housing units in chains declined seven months in a row, and the current lease supply is only 50 per cent of its peak in 2017。
It is argued that the rehabilitation of irregular rental housing during the previous period in beijing will also reduce the potential supply of housing. The safety and comfort of existing rental housing sources are, of course, increasing from a market development perspective。
“on the other hand, the current trade in second-hand houses markets is starting to warm up, and potential sources of housing are becoming smaller, which can also cause rent prices to rise.”。
Moreover, according to zhang bo, chief analyst of the house of tenants institute, in march, the market for rental housing rose rapidly, mainly in connection with changes in rental demand before and after the spring, when large numbers of people returned to the city to boost the demand for rental housing and the market began to reach its first small peak in 2018。
It's not like we're trying to keep the market calm
In order to promote the stability of the housing rental market, the beijing municipal housing commission has taken a number of measures。
The allocation of public rental housing and the construction of rental housing in the city of beijing are at its peak this year. It is understood that the beijing municipal housing commission will further strengthen the security of allocation of public rental housing. In 2018, the city of beijing will allocate more than 15,000 units (households) of public rental housing (including market rental subsidies), all of which will be distributed on the basis of domicile and place of work。
In the context of promoting the construction of collective rental housing, beijing has identified a total of 500,000 rented housing units between 2017 and 2021. In 2018, more than 200 hectares of collective land will be supplied for rental housing construction。
In addition, journalists noted that since april this year, the beijing municipal housing commission has published information on more than 30 “black brokers” and has severely beaten “black brokers” and “second-rowers” for illegal practices such as rent-raising, bullying and manipulation of rental markets. (as requested by the interviewer, some of the characters are aliases)
