Report: The steady decline in rents in large and medium-sized cities across the country has narrowed for four consecutive weeks

category:Finance
 Report: The steady decline in rents in large and medium-sized cities across the country has narrowed for four consecutive weeks


Average Rent Price of Large and Medium Cities in China in the 36th Week of 2019

In the 36th week, the rent of large and medium-sized cities in China continued to fall, and the decline tended to narrow. The report shows that in the 36th week of 2019, the rental market in large and medium-sized cities nationwide declined steadily, with the average rent price of 43.86 yuan per square metre per month, a 0.04% drop and a 0.02% narrowing.

Since the beginning of July, with the recession of graduation tide, rent prices in large and medium-sized cities across the country began to fall at a high level. By the end of 33 weeks, rent declines began to narrow. At present, rent declines have narrowed for four consecutive weeks. It is expected that rent will stop or rise periodically next week, but the recovery is not significant.

The monthly rent fluctuated slightly among different types of households, and the three-bedroom rent declined the most. According to the report, monthly rents fluctuated slightly in large and medium-sized cities throughout the country in the 36th week, with three-bedroom rents falling the most. Monitoring the average monthly rent of one-bedroom in large and medium-sized cities nationwide is 2410 yuan per month, which is the same as the 35-week rent; the monthly rent of two-bedroom is 3215 yuan per month, which is 0.04% lower than that of the previous year; the monthly rent of three-bedroom is 4318 yuan per month, which is 0.32% lower than that of the previous year.

Rent increases increased the number of cities, rising by an average of 0.12%. The report shows that in the 36th week, Zhuge Housing Data Research Center monitored the number of large and medium-sized cities in China, with 11 cities rising, 1 city increasing, 13 cities declining, 3 cities decreasing compared with the 35th week, and 1 city in Ping city.

In terms of the change range, the average decline rate of the declining cities was 0.18% in the 36th week. Compared with the 35th week, the decline rate increased by 0.17 percentage points, and the average increase rate of the rising cities was 0.12%. Compared with the 35th week, the increase rate narrowed by 0.05 percentage points.

In terms of cities, Chengdu, Qingdao and Guangzhou ranked the top three cities in the 36th week, and the ring-to-ring increases were 0.57%, 0.32% and 0.13% respectively. The top three cities were Quanzhou, Shanghai and Beijing, with declines of 0.42%, 0.27% and 0.17% respectively. Overall, the first-tier cities fell more than the second-tier cities. (Sino-Singapore longitude and latitude APP)