China News Service, Beijing, August 12 (Reporter Yu Lixiao) The latest data released by I Love My Family Group shows that in July, the transaction volume of Beijing's housing rental market increased year-on-year and month-on-month, and the transaction volume hit a new high since 2017. The graduation season dividend obvious.
It is expected that after the graduation season has passed, the market will steadily fall back in the short term.
In July, Beijing ushered in the peak of the graduation season, and the transaction volume of the rental market increased significantly.
I love my home data shows that in July, the transaction volume of housing leasing in Beijing increased by 1.7% month-on-month, and the monthly transaction volume was significantly higher than the level of the same period in the past two years.
Rents continued to rebound slightly.
I love my home data shows that in the entire rental market in the rental market, affected by the graduation season, the upward momentum in the rental market in Beijing in July 2021 will increase, and the average rent per square meter will increase by 3.0% month-on-month, which is a certain amount compared to July 2020. Increase, but the average rent is still lower than the same period in 2019.
The ratio of new tenants has narrowed slightly.
I love my family’s data shows that in July, the ratio of new tenants in the Beijing housing rental market was 0.12, which was 0.01 narrower than that in June. The demand in the new market was slightly higher than that in June; the volume of the market fell slightly by 2.8% from the previous month, compared with the same period last year. An increase of 70.9%.
I love my family’s analysis that in July, the number of new housing units and the number of new customers in Beijing’s housing rental market increased to a certain extent compared with June. The tenant ratio continued to narrow slightly, the contradiction between supply and demand increased, and the upward momentum of rents remained. live.
From the perspective of the tenant group, in July, the Beijing tenant group was mainly concentrated in the 20-35 year old group, accounting for 67.7%, but this fell 5.1 percentage points from June, while the 35-45 year old tenants accounted for a significant increase.
In view of the future trend of Beijing's rental housing market, I love my family’s analysis and believe that after the peak rental period of the graduation season, the activity of Beijing’s rental housing market will decrease compared with July, and rental demand will steadily fall in the short term.
It is expected that the transaction volume of Beijing's rental housing market will begin to turn downward in August, but due to the lagging rental demand of some college graduates, the decline in transaction volume will not be very large.
At the same time, with the decline in the rental housing market in Beijing, rental prices in some areas may fall, and overall rents may remain the same as in July.
It is expected that in the next few months, as the transaction volume declines, the overall rent will fall, and the rent level will basically remain at the level of the same period in 2019.
(Finish)