Midland is optimistic about renting the market
Midland Real Estate is optimistic about the residential leasing market, so the partner took insurance cooperation and launched the “American Union Buying House Rent and Rent Guarantee" plan.
The policy address was released. Bu Shaoming, the chief executive of the Midland Real Estate Department, said that there were no measures to curb the property market and it was beneficial to the property market. However, there was a shadow of interest rate hikes. It is expected that the property market will be adjusted in the fourth quarter, and the overall property price will fall by about 3. % to 5%.
Partnering with Jardine Insurance, up to 600,000
He pointed out that since the introduction of the buyer’s stamp duty in 2012, many investors have waited for the opportunity to release the unit. Therefore, the number of units rented out, and the number of double-renters (immediately renting units and renting houses for self-occupation) continued to rise. The tenants accounted for the first quarter of this year. The overall household ratio has risen to 35%, and the number of tenants in individual months has reached 480,000, an increase of 33% from the first quarter of 2012.
In addition, rents have not been affected by the external market conditions. According to the Midland Rent Index, the private residential rent index rose 0.98% month-on-month in August, while the rental return rate will rise from 3.35% in the second quarter to 3.53% at the end of the year.
In cooperation with Jardine Matheson Insurance, the Group launched the “America’s Buying and Selling Rent and Rent Protection" scheme with a legal and rental guarantee of up to 600,000 yuan. In the fourth quarter, the owners who bought and rented through the bank (subject to full commission) will receive the first year of free rental protection with an annual rent of about 1.8%.