China News Agency, Beijing, October 14 (Reporter Yu Lixiao) The latest report released by the I Love My Family Research Institute on the evening of the 13th shows that in September, the transaction volume and rents of Beijing's housing leasing declined simultaneously, and the market is transitioning to the off-season.
Industry analysts believe that in the future, Beijing's leasing transaction volume will continue to decline, and rents will also show a steady but declining trend.
Statistics show that in September, the volume of housing leasing transactions in Beijing fell by 12.40% month-on-month and increased by 6.84% year-on-year.
The report pointed out that due to the impact of the epidemic, the peak of this summer was delayed until August, but the trend of the low-peak season of the market has not changed. After the transaction volume surged in August, the market began to decline in September and moved towards the low season.
With the transition of Beijing's rental housing market to the off-season, rents have also entered a downward channel.
Data show that in September, the average transaction rent per square meter was 87.67 yuan (RMB, the same below) in the whole lease transaction, a decrease of 1.86% from the previous month and a year-on-year decrease of 7.30%.
According to the analysis of my research institute, after the outbreak of the epidemic, rents in the rental market in Beijing dropped significantly. They rose in May, but they soon entered a downward channel due to the rebound of the epidemic. After the transaction volume surged in August, rents also appeared. Pick up briefly.
However, after the market cooled in September, rents fell again, and the price level was significantly lower than in 2019, returning to the level at the beginning of 2018, and hitting a two-year low.
According to the quarter-on-quarter rental data of various districts, in September, the rents in the six districts of Xicheng, Dongcheng, Haidian, Chaoyang, Fengtai, and Shijingshan all rose and fell within 2%, with small fluctuations; the rents of Changping, Daxing, and Tongzhou rose and fell. It is above 2.5%, and the fluctuation is relatively large; the rent in the central area is relatively more stable.
The number of new listings, the number of new customers, and the number of house visits by institutions with customers all declined across the board.
According to the data, in September, the number of new listings decreased by 8.22% month-on-month and 17.57% year-on-year; the number of new customers fell by 8.37% month-on-month and increased by 6.05% year-on-year; the number of house visits by institutions with customers fell by 4.89% month-on-month and a year-on-year decrease of 35.17. %.
I love my research institute analysis indicated that as the rental market moves towards the off-season, transaction volume will continue to decline, rents will not rise, and downward pressure will increase.
In the future, Beijing's rents will generally show a trend of stability and decline.