With the introduction of the “most stringent” municipal regulation policy in beijing this year and the rise in housing prices, the beijing business journal (jan man only) has argued that a number of people should for the time being put on hold to join the rent-a-letting army, or help to bring rent prices to beijing into a new wave of growth. The reality is different. Yesterday, the released data on chain property showed that, as of november, the cumulative increase in rent for the city-wide housing stock had been only 6. 6 per cent, well below last year's 12. 6 per cent. According to projections, the cumulative increase in rent this year is likely to be only 50 per cent as of last year, as is currently the case. According to industry analysis, this is closely related to the increase in the supply of rental housing this year。
At present, the off-season effects of the housing rental market in beijing are evident and the supply-demand tension is further eased. The data show that while the average rent price in beijing in november was 59. 2 yuan/sm2, a slight increase of 1 per cent over last month's ring comparison, the daily turnover in the beijing rental market fell by 10. 2 per cent in november; and, secondly, the increase in the beijing rental market to 1. 1. 48 per cent in november resulted in beijing being kept within 1. 2 per cent for five consecutive months. Zhang xu, the chain property market, believes that with the gradual reduction of non-resident arrivals at the end of the year, the demand for new leases will continue to decline as the return tide begins, some owners will become more difficult to rent, and it is generally possible to expect that the cumulative increase in rents this year will eventually remain at around 50 per cent last year。
There is no denying that, as of november, the increase in rental prices in beijing this year was significantly different from the expectations following the introduction of regulatory policy. In response, some analysts argue that, although the regulatory policy has led to a number of consumers placing their purchase plans on hold, the majority of the population is already in rented housing, so that putting them on hold does not imply an increase in the need for new rental housing. “it is precisely because of the policy that a large number of homes have become more subjective, the average daily housing stock has increased significantly, and some of the listed houses have been resold for rental.” according to zhang xu, the average daily housing supply for january-november 2013 was 26. 5 per cent higher than last year。
In addition, chen guoqiang, vice-president of the chinese real estate society, indicated that renters who generally had a clear sense of soaring rental prices lived largely in priority areas that were accessible, close to the centre of the city or the heart of the business, where there had been a long-standing marked difference between the increase in rental prices and the general situation throughout the city, but the wider suburbs had lowered average rent prices throughout the city. According to the data, the trend towards suburbanization of the rental market in beijing continued this year, with 20. 8 per cent of the city-wide rents in january-november 2013 in the peri-urban areas of beijing (dahing, tungzhou, sunyi, changping), and 35. 2 yuan/sqm2 in the sub-urban areas, with an increase in the share of low-rent areas. Xinhua society/text
