The shift of houses from the buying and selling market to the rental market has also led to increased interest in the rental rate of return。
The most recent "100 cities on the top of the rent-return list" of ji-ya trends shows that none of the top 10 cities with rent-return ratings have a single line. Beijing has the lowest rent return, with 1. 37 per cent ranked 96th in 100 cities, followed by shenzhen (1. 38 per cent), shanghai (1. 48 per cent) and guangzhou (1. 69 per cent)。
This means that it takes 72. 99 years, 72. 46 years, 67. 57 years and 59. 17 years, respectively, to invest in a housing unit in return for rent alone; the longest time to return home is 100 years; and the shortest time to return home is 23. 64 years。
He won't be back in 100 years
The chinese correspondent noted that the “widest map of the return on rent in china” of shibuya trends included 100 sample cities, including 4 first-line, 15 new-line, 30 second-line, 44 third-line, and 7 four-line cities。
Note: the rental rate of return referred to below is the gross rental rate of return, i. E. The annual rental/housing price, without reference to taxes, property charges, maintenance costs, etc. If these costs are taken into account, the rental rate of return (particularly abroad) will be reduced by 1 per cent to 2 per cent. In terms of house prices, the main study was on the price of second-hand houses, without considering the new building。
It is not difficult to see from the above table that the larger the rent returns in cities are lower. Of the top 10 rent rates of return, there are no first-line cities, only three second-line cities and 70 per cent of third- and fourth-line cities。
Beijing has the lowest rental rate of return in four cities in the north, with 1. 37 per cent ranked 96th in 100 cities, followed by shenzhen (1. 38 per cent), shanghai (1. 48 per cent) and guangzhou (1. 69 per cent)。
This means that investment in a flat is based solely on rent returns, which take 72. 99 years, 72. 46 years, 67. 57 years and 59. 17 years to return to the north。
The rent-receiving rate of xiamen is at the bottom of all cities and will take 100 years to return, less than in the first-line cities。
The shibuya trend indicates that the price of the house has been raised because of the low rent of the gate (which has been falling in the last year). The prices of houses in xiamen have surpassed guangzhou, becoming the most expensive city on average, after going north。
Similar to sanya, both cities rely heavily on the real estate market and are home-grown tourist resorts. The rate of return on rent in sanya was 1. 68 per cent, which would take 59. 52 years。
Data show that in 4 per cent of the 100 cities, only 4 per cent of the cities of chenyang, harbin, sining and saddle hill have rent returns; 21 have rent returns below 2 per cent. The return on housing investment had previously been dominated by home prices, which were expected to rise in order to earn a profit。
According to shibuya, the current rate of return on rent seems to be a reverse indicator of the temperature of the building, the lower the rate of return, the hotter the building, the colder the rate of return. In a healthy real estate market, the annual increase is usually less than 10 per cent, while in the second 20 cities with a rent return of 100, housing prices have risen by more than half per cent per year, which is unlikely to last for long。
As can be seen from the distribution of coordinates in the figure, the lower the return on rent, the higher the increase in house prices
This is a unique post-crazy picture of the city and, in the long run, the data will be adjusted as the renting age begins。
Global rate of return on domestic rent
The gawc of the university of roofburg in the united kingdom, which classifies large cities around the world in terms of overall competitiveness, including chinese cities, has the following rent return:
The above classification is provided by gawc of the university of roofburg, united kingdom, for the latest level in 2016。
As can be seen from the table above, essentially global cities are also characterized by a lower return on rents from larger cities。
New york has lower returns than boston and seattle. Because the bigger the city, the higher the rent。
Moreover, it can be seen that japan remains a city with a good return on investment, which is strongly related to high rental rates among young japanese people and strong demand in the rental market; it is influenced by the british de-europeans, whose rent returns are low in several cities of the same grade as in china。
It is noteworthy that, at each level, chinese cities have lower rental rates of return than foreign cities, the overall distribution of which is as follows:
From a comparison of gross rates of return alone, guangzhou and washington had a margin of over 5 per cent and chengdu and seattle had a margin of over 3 per cent. Apart from such costs as annual property taxes and maintenance costs, seattle is also over 2 per cent. If the house price remains unchanged, the time taken to recover the cost of buying the house in seattle is 18 years shorter than in chengdu。
The interest rate on mortgages is at an all-time low
Since the current round of real estate regulation, the market for front-line urban real estate has experienced rapid cooling, relatively stable prices, and even small reversals. Following the freezing of housing prices, gains have shifted from relying solely on increases in house prices to relying increasingly on rent。
Journalists noted that the mortgage rate, an important instrument for regulating the real estate market, had been set up in beijing and guangzhou, among others, to increase the initial mortgage rate by 5 to 10 per cent at the base rate。
In the shenzhen market, for example, shenzhen's initial mortgage rate was dominated by the benchmark, with a maximum of 10 per cent up, a benchmark of 1. 1 times for the two units and a maximum of three months for loans。
Despite the increase in the interest rate on first-rate mortgages, the data show that the interest rate on mortgages remains at an all-time low。
According to a report released in conjunction with 360, the average interest rate on initial home loans nationwide rose to 4. 99 per cent in july this year, or 1. 02 times the base rate, which is the full re-entry rate of initial home loans nationwide after the introduction of full base rate in 2013. According to the data, the average national interest rate on initial home loans increased by 2. 25 per cent in july and by 12. 3 per cent in comparison with 4. 44 per cent last july。
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