日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Beijing rental prices remain down with subdued demand

CGTN | Updated: 2020-07-14 16:25
Share
Share - WeChat
Residential buildings in Beijing. [Photo/Sipa]

Beijing's rental market has seen decreasing demand in the first half of 2020, and experts agreed that cooling may likely continue into early next year.

The latest data show average rent at 83.1 yuan (about $11.9) per square meter, down 2.5 percent from the second half of 2019. There was a slight bounce back in July, up 0.5 percent from June, but still 7.4 percent down from the same time last year. The vacancy rate in first-tier cities went up to almost 25 percent.

Brett Hartley, the assistant to the CEO of the online real estate platform Beike Zhaofang, told CGTN that prices might rebound slightly in the short term, but in the long run, rental prices in first-tier cities are expected to remain subdued.

"We are likely to see this cooling continue at least in the medium term. And although we might see a bounce back in the high activity months of August and July," said Hartley.

"We expect and anticipate the cooling trend to continue at least into early next year," he said.

Hartley said in addition to lowering demand, a more affordable rental supply will also keep prices in check as the "growth of rent prices is very unlikely with low demand swinging bargaining power away from landlords and towards tenants."

Hartley said three factors have contributed to the falling rental prices in the capital.

The first, he said, was that COVID-19 related restrictions on entering communities and housing complexes, which makes it more difficult to look at places for rent, have suppressed demand.

"The second is government-related policy that eases congestion in the city, and this has been amplified by a COVID-19 affected job market in which businesses simply do not have as much need for out of town workers as they need before," he said.

The third is the disruption of the academic calendar, which has delayed the traditional high season of students looking for accommodations.

Another overarching trend that is pressuring rental prices and demand is Beijing's slowing population growth. The population has been falling since 2017, in line with the city's 2016-2035 urban plan that emphasizes the city's role as the political, economic and technological capital of the country in addition to being the main hub for international trade and development. Capping the city population at 23 million is one of the measures set out in the urban plan.

Hu Jinghui, a chief economist at Jinghui Thinktank, said, "From 2017 to 2019, the population of Beijing has decreased because many companies have moved out of Beijing, so the jobs also moved out. Therefore, demand for rental housing has decreased."

Hu said local governments in the first-tier cities have used land in suburban areas to build more apartments, providing a lot of extra supply of affordable housing for rent. So in the long term, with sufficient supply and decreasing demand, rental prices are expected to remain steady.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 一区二区三区无码高清视频 | 亚洲综合在线另类色区奇米 | 国产精品一级香蕉一区 | 欧美精品成人a多人在线观看 | 日韩大片免费在线观看 | 大色综合色综合资源站 | 国产成人综合久久 | 午夜精品在线观看 | 国产黄三级三·级三级 | 国产精品视屏 | 好大好爽快点视频 | 色秀视频免费网站在线观看 | 又大又紧又硬又湿a视频 | 午夜影晥| 精品AV一区二区三区久久 | 天天干天天干 | 色天天天天综合男人的天堂 | 亚洲w码| av88av·com | 一卡二卡三免费乱码 | 亚洲高清在线看 | 国产精品香蕉一区二区三区 | 精品一区二区久久久久久按摩 | 久久久国产视频 | 中文字幕网在线 | www国产精 | 欧美一级毛片一 | 国产精品成人在线观看 | 一区二区三区在线播放 | 欧美日韩亚洲综合另类ac | 婷婷影音 | 国产福利视频在线观看 | 欧美性猛交一区二区三区精品 | 激情毛片 | 三片在线观看 | 一级片在线视频 | 九九视频高清视频免费观看 | 女同久久另类99精品国产 | 国产一区二区三区在线 | 国产色司机在线视频免费观看 | 免费的黄网站男人的天堂 |