Double nature of Shenzhen real estate market: sales market hot leasing market cold

category:Finance
 Double nature of Shenzhen real estate market: sales market hot leasing market cold


Author: Wu Junjie, No.1 Finance

After the rise of second-hand house prices returned to the first place in March two years later, the sales price of second-hand housing in Shenzhen rose year on year in April 10.3% Leading the first tier cities, with a strong recovery in the real estate market.

According to the monitoring data of Shenzhen Zhongyuan Research Center,

In April, Shenzhens rental return continued to decline to a low level since 2019.

Market participants believe that this is directly related to the increasing supply and weak demand side of Shenzhen housing rental market. In Shenzhen, where the tertiary industries such as foreign trade and science and technology are active, the economy and the employment of young people are more or less affected by the epidemic in a short period of time, which also weakens the demand for housing rental. It may take some time to fully recover to the previous level.

Rent by chance

According to the data of Shenzhen Municipal Bureau of planning and natural resources, in April, 2704 first-hand residential buildings were sold in Shenzhen, an increase of 40% compared with the same period last year, with a transaction area of 257525 square meters, an increase over the same period last year thirty-seven point seven uff05u3002

According to the data released by Shenzhen real estate information platform under Shenzhen housing and Urban Rural Development Bureau, the second-hand commercial housing transactions in Shenzhen in April were sixty-five point nine four 10000 square meters (7679 sets), up year on year 0.78% u3002

Sales prices of second-hand housing in Shenzhen rose year on year in April, according to the National Bureau of statistics on May 18 10.3% , down year on year in Beijing 0.2% , Shanghai rose year on year 2.3% , year on year decrease in Guangzhou Zero point five u3002 In March, Shenzhens real estate market has taken the lead in recovering, and the second-hand house prices rose again in the first place every two years.

However, the leasing market is a different look.

In March and April of the previous year, it was the peak season of leasing. Fresh graduates found houses in advance and returned to Shenzhen to rent houses. The leasing market was booming. But this year, after an outbreak, the days of the rental market have changed.

Baoan District, where Liu Mingqi is located, is a gathering area for foreigners. Many white-collar workers working in Nanshan and Qianhai, and migrant workers working in nearby industrial parks such as Shajing, will choose to rent in Baoan District. In addition to convenient commuting and mature living facilities, tenants at all price levels are easy to find desirable housing. But this years real estate market in Shenzhen made him a little confused.

According to the monitoring data of Shenzhen Zhongyuan Research Center, in April, the return rate of rent in Shenzhen continued to decline, and in April, the monthly rent of housing in the city was seventy-one Yuan / m2, up on a month on month basis 0.10% , rental return continues to decline to 1.41% , which has been a low level since 2019.

The rent situation of the villages in the city where people from other places gather is not optimistic.

Gushu Chengzhong Village, located in the west of Baoan District, is not far from Shajing Industrial Zone, with low rent, low cost of living and convenient transportation. It has a large number of deep drifters. In the past, many of the farmers apartments that migrant workers liked to rent were vacant this year.

Like this kind of farmers house changed into an apartment, there are swiping card access downstairs, and the daily corridor is clean. One room and one hall is about 2200 yuan. In the middle of March of the previous year, the rent was basically completed, so I didnt worry about it. Not only havent dared to raise the price this year, but also one third of the houses havent been rented out. Wang Yue, a native of Shenzhen, said that he had some troubles.

The continuous decline of rental return rate and rental price is not limited to Shenzhen. According to the shell data report, this kind of situation occurs in 18 key cities. The average monthly rent in the first quarter was forty-two point eight Yuan / square meter, down 12% year-on-year, and many of Shenzhens housing rents fell again and again.

In Nanshan District animation park area activity rental market agent Chen Changlian helplessly said that there are indeed many housing rents down again, the landlord worried about tenants. In the past, around May 1, transactions were active, and a suite could be rented in ten days or so. Now it cant be rented in two to three months, basically relying on luck to eat.

An intermediary companys human resources staff told the first financial reporter that in recent times, many second landlords with weak economic strength and customer resources on hand have turned to agents to sell houses. The second-hand building market in Shenzhen has picked up, and the intermediary has opened a bill. Even if the Commission takes two or three points, it will be a source of tens of thousands of net income. At present, selling houses is better than being a leasing agent. Many second landlords who have changed their careers temporarily are of similar mentality.

In the view of some market participants, the housing rental market has a direct relationship with the increase of supply in Shenzhen rental market.

Our company has taken over a lot more rentals this year than last year. For example, in areas with active leasing activities such as Gushu and turnaround in Baoan District, the rent list released this year has increased by about 50% year-on-year. The head of a medium-sized leasing brokerage company said that many leasing brokerage companies around him have encountered similar situations.

In the first quarter of this year, the rental market in the first tier cities recovered more slowly than that in the second and third tier cities. Affected by the epidemic, the volume of transactions in Shenzhen has not yet recovered to the level of the same period last year. He Qianru, director of the National Research Center of Meilian property, pointed out that the supply has increased, but the demand has declined compared with the past. It is natural for the vacancy rate of core rental areas such as Nanshan and Baoan to rise.

After spending a lot of time to buy the first suite, the post-90s told the first financial reporter that they had collected 34 million yuan to get on the bus and kept the monthly income stable at about 30000 yuan, almost the basic portrait of the people with houses nearby.

According to the 2020 China youth living consumption trend report released by Lianjia, the annual income of family safety should reach seventy-three point three The annual income of a two room apartment should reach 580000 yuan; even for a one room apartment, the annual income should also reach 580000 yuan thirty-nine point four Ten thousand yuan.

But Shenzhen is more of an ordinary tenant, who cant beat the rate of rising house prices after entering 10000 yuan a month, and cant collect enough down payment, get on the car, and become a vast and turbulent rental army.

The sudden attack of the epidemic also deepened the understanding of Shenzhen real estate market of the post-90s generation. From the second light of tens of millions of luxury houses and apartments in early March to the tea drinking fee in the property market in April, to the quotation data observation table of sample real estate projects in hot area issued by Shenzhen Real Estate Agency Association for the first time recently. It has long been realized that it is difficult to buy a house in Shenzhen, and that the owners of the apartments in the villages in the city believe that a large group of tenants, active or passive, will enter the rental market. Many of them have already started self rescue tiktok, WeChat group diffusion and rent reduction video, so that the old tenants can help their respective villagers and classmates to ask if there are any tenants coming to the deep. In the view of many Shenzhen people, compared with the hot market of house purchase, the real face of Shenzhens real estate market is that the volume of sales increases, the volume of transactions decreases, the rent or the rental market with a small downward trend. Source: Zhong Qiming, editor in charge of the first financial daily_ NF5619

The sudden attack of the epidemic also deepened the understanding of Shenzhen real estate market of the post-90s generation. From the second light of tens of millions of luxury houses and apartments in early March to the tea drinking fee in the property market in April, to the quotation data observation table of sample real estate projects in hot area issued by Shenzhen Real Estate Agency Association for the first time recently.

It has long been realized that it is difficult to buy a house in Shenzhen, and that the owners of the apartments in the villages in the city believe that a large group of tenants, active or passive, will enter the rental market. Many of them have already started self rescue tiktok, WeChat group diffusion and rent reduction video, so that the old tenants can help their respective villagers and classmates to ask if there are any tenants coming to the deep.

In the view of many Shenzhen people, compared with the hot market of house purchase, the real face of Shenzhens real estate market is that the volume of sales increases, the volume of transactions decreases, the rent or the rental market with a small downward trend.