Great cooling! November rents hit a five-year all-time low over the same period, landlords cut prices, etc. Tenants have intermediaries who “reduce volume and increase prices”

Original title: Cool down! In November, rents hit a five-year low over the same period, landlords and other tenants slashed prices, and brokers “cut volume and raised prices.”

Summary

[¡Gran enfriamiento! En noviembre, el alquiler alcanzó un nuevo mínimo durante cinco años. El propietario recorta los precios y otros inquilinos tienen intermediarios para “reducir el volumen y subir los precios”](China Securities News) A China Securities News reporter found that the current rental market is in a low season and long-term apartment rentals are frequently affected by the epidemic “Full volume”, a phenomenon has occurred in which landlords cut prices to find tenants and intermediary companies “cut volume and raise prices.” Institutional data shows that at the end of November, the average rent in the country’s key cities under monitoring hit a record low over the past two years, and November rent hit a single-month record low for the past five years. (China Securities Journal)

“Even if I am willing to lower the rent, there may be no tenants.”the companyAfter cleaning the deficit houses and knocking down the partitions, the houses in some areashouse priceGot up. “Current rentmarketAbove, the owner and broker statement is completely different.

ChinaValuesNewspaper reporterInvestigationThe current rental market has been found to be out of season and long-term rental apartments often “explode” due to the impact of the epidemic. Landlords cut prices to find tenants, and intermediary companies “cut volume and raise prices.”

Institutional data shows that at the end of November, key national cities monitoredrentMedian price hit a record low in the past two years, and rent in November hit a record low in a single month for the past five years.

　　The rental market in premier cities has cooled significantly

“Previously every monthAgreement10 orders are easy, in the last months, an average of 1 order per month. “Zhang Yu (pseudonym) said. Zhang Yu is in a certain headleaseThe company’s Xi’an Regional Enterprise conducts sales and is responsible for the new homes and rental business in and around Xi’an Lianhu District.

Zhang Yu’s experience or presentRental marketRefraction of the status quo. According to data from Zhuge’s house search, in November, the average monthly rent listed in the 50 largest and medium-sized cities across the country was 34.71 yuan per square meter.Chain relationshipDown 0.7%,I andA decrease of 1.79%. The market has cooled down and been affected by the epidemic, and the rental market has continued to cool down. The monthly average rental price of 34.71 yuan per square meter reached a new low since January 2019.

Image source: Zhuge looking for a house.

　　shellData from the Research Institute shows that the 18 cities monitored for leasingVolumeAfter reaching a peak in August, it began to fade in September. From September to November, the volume of transactions continued to decline, with an average monthly drop of 13.7%, higher than the 10.6% drop in the same period last year. The rent level in November fell to the lowest value in the same period in the last five years.

Image source:shellInvestigation Institute

Against the background of an overall drop in rents in November, Tier 1 cities saw the largest monthly drop in rental levels. According to data from Zhuge’s home search, median rent in tier 1 cities in November fell 1.2% month-on-month and 2.9% year-on-year. Rent levels in Beijing and Shanghai fell on average, 1.98% and 1.57%, respectively, from the previous month. Median rents in second-tier cities fell 0.58% month-on-month and 3.1% year-on-year.

In terms of specific cities,shellAmong the 18 cities monitored by the Institute, more than 40% of the cities’ transaction volume declined by more than 10% month-on-month in November, including Xi’an, Tianjin, Dalian, Qingdao, Jinan, Langfang and Yantai. According to Zhuge’s home search data,Among the cities where rents increased in November, Chengdu, Zhuhai, Quanzhou, etc.Land rentalGold rose significantly with Chengdu taking the top spot with a 1.95% month-on-month increase.Chengdu, powered by the Chengdu-Chongqing metropolitan area, has a relatively active rental market.

　　Intermediaries adjust in time to face the crisis

As the rental market continues to cool down, some intermediary companies have begun to “reduce volume and raise prices.”

A tenant recently said, “My rent is still high.” The reporter visited the Beijing rental market and learned that the tenant’s problem may be related to the low season.discountRelated to the end of the event.

During the visit, a seller from the intermediary platform told reporters: “The company has cleaned thepriceHigher home but with lossesDivideThe domain demolished the partitions, causing a decline in home listings and the company increased the rents on some home listings. “

There are also leasing companies that “want to lower the price but cannot lower it.” The person in charge of a rental company in Chengdu said: “If the owner rents directly, when the market is bad, you can lower the price and rent it. But for the platform, if you want to keep the industry, you cannot lower the price if you want to lower the price. “

Mr. Zhao, the “second owner” in Chengdu, told reporters, “I was on the platform of a rental company and sawTaurusA small single room in the district, at least 800 yuan per month, not includingServiceRates, etc. In his opinion, “Many houses on the market are still expensive.” “

Some landlords are also actively seeking tenants. Cheng from Chengdu told reporters: “Most of the properties I rent are mine, and there are also some rented properties. The previous tenants are mostly friends or acquaintances, due to the epidemic,LayoffsMany tenants have moved in and now many houses are empty. Even if I am willing to rent at a reduced price, there may be no tenants. “

According to data from the Shell Research Institute, the housing transaction cycle in 18 key cities across the country in November was 47.5 days, an increase of 1.4 days from the previous month and 8.9 days from the same period. from last year. In the first 11 months of this year, the housing transaction cycle in 18 key cities was 51.0 days, an increase of 32.9% year-over-year, and the customer origin transaction cycle was 10.3 days , a year-on-year increase of 85.6%.It is more difficult for homeowners to rent houses on the rental market.

　　All parties expect the market to warm up

Zhuge Looking for Real Estate believes that the rental market in most cities in November was out of season, with rentals showing a continuous downward trend and market activity low. The market is expected to stay cool in December when rental demand is weak.

On the other hand, Zhuge data shows that the average rent quoted in large and medium-sized cities across the country in November was 34.71 yuan per square meter per month, 0.7% less month-to-month, and the Month-to-month decline decreased by 0.46 percentage points compared to October.

“short termThe internal impact is certainly great, but Chengdu is an affluent city. When the economy improves, the demand will definitely increase. “Mr. Cheng said.

An employee of a Beijing leasing company said: “Compared to last year, this year, affected by the epidemic, there are fewer tenants in Beijing and rents have dropped. However, some changes have started recently.jobsWith the increase in the number of people, the market will definitely rebound. “

(Source: China Securities Journal)

(Editor in charge: DF372)