Strong rents rose 5.5% in the first nine months of this year
Property prices fell, but rents remained strong. The rent index for September was 197.8 points, up 0.56% month-on-month, and rose for 8 months. The cumulative increase in the first nine months of this year was 5.5%.
Fine unit led by more than 1% per month
The summer vacation factor has been in the past. However, the data of the smuggling department showed that the private housing rent index remained strong in September. The latest report was 197.8 points, up 0.56% month-on-month, and the increase was narrower than the previous month’s 1.13%. After 8 consecutive months of increase, the cumulative increase was 5.7%.
The increase in rents in September was mainly driven by fine units. The number of units with a usable area of less than 430 square feet increased by 1.06% month-on-month. The number of luxury units with a saleable area ranging from 1,076 to 1,721 square feet also rose by 1.17%.
Conversely, medium-sized units are weaker. For example, medium-sized C units with an area of 753.5 to 1,075 square feet are less than 0.1% month-on-month, and the increase is the least during the year.
If calculated in the first nine months of this year, the overall private housing rent rose by 5.5%, surpassing the increase of over 10% in the same period. Among the 431 to 752 sq. ft. Class B units, the trend was better. This year, the cumulative increase was 6.4%, and the increase was concentrated in March, April and summer vacation.
Around the sea. East Coast 1 room rent 14,500
Nano-disks are welcomed by the market, and the red dragonfly is surrounded by the sea. The first one-bedroom rental was recorded on the East Coast. According to the news, the unit is a high-rise room J of Block 1A with a usable area of 322 square feet. The latest one is rented out at a price of RMB 14500. The practical price is RMB 45, which is a market price.
According to the data, the owner purchased the above units in October 2015 for 5.792 million yuan, and the rental return rate was about 3%.