Asian Games Village Ningchao Meidi Apartment Model Room
After returning from the Spring Festival holiday, it was the traditional peak season for rental. Once upon a time, landlords often preferred to stay vacant for ten days and half a month before the year to rent out after the year, just to earn a higher rent during the peak season.
But things seem to be different today. Many people have found that the rent in their own communities has dropped significantly compared with this time last year, and the decline in some new communities has even reached nearly 20%.
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A few days ago, Xiao Hong, who lives in Qianjiang Century City, took a walk with her husband after dinner and saw a row of rental introductions in their own communities hanging in the intermediary window, and the three-bedroom room is generally 8000-8700 yuan/month. She clearly remembers that when she first moved in early last year, the net rental income of her upstairs neighbor was 9,800 yuan per month.
With curiosity, she walked into the store to take a closer look. According to the intermediary, the furniture is basically about 8,500 yuan / month, and some of them also include property fees. According to the price of 3.8 yuan/month/㎡, it is equivalent to about 400 yuan cheaper.
Xiao Hongna clicked on the calculator and found that the rent of the community had dropped by more than 15% in less than a year and a half.
Qianjiang Century City
"Rents are coming back all over Century City, and we're already relatively stable. In some communities, the 89㎡ three-bedroom and two-living room can be rented for 10,000 yuan/month in 2022, but now it may not be able to be sold immediately if it is listed at 8,500 yuan/month. The agent told Xiao Hong that even the rents in the core areas of Century City, such as Chuangshidi and Tianpu, are falling, not to mention the non-core areas where they are located.
The rent of the future science and technology city, which echoes Century City, is also a bit unexpected.
Muchen Temple
The most discussed is the Zhongliang Muchen Academy, which was delivered at the beginning of the year. This is a large market with an individual volume of more than 1,900 units, and due to the restriction of the whole market, more than 100 units poured into the rental market in the week of delivery. According to the news at the time, the listing price of 98 square meters was concentrated at about 5,000 yuan/month, and the cheapest was 4,700 yuan/month, which was lower than the average value of the surrounding communities such as Future Yue and Yin Future.
Recently, the fighting has been more intense. The number of listings on the Beike platform alone is 280, and the occupancy rate is close to 15%. The 98 square meters of shell self-operated by Shell, which is shown at the top of the list, has a rent of only 3,800 yuan / month, a decrease of 19%.
Not only in the new town, but also in the old town, which is known for its stability, rents are also falling.
For example, the latest price of a 90-square-meter three-bedroom at the Gucui Road subway entrance is 4,500 yuan/month, the five-square-meter two-bedroom at the subway entrance of Ding'an Road is now quoted at 3,800 yuan/month, and the 50-square-meter two-bedroom at Mishi Lane can be rented within 3,000 yuan/month......
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According to the statistics of I Love My Home, in fact, the rents of major sectors in the first quarter of this year have fallen at different levels compared with last year.
The largest decline was in Qianjiang Century City, which dropped from 77.42 yuan/month/㎡ in the first quarter of last year to 65.53 yuan/month/㎡ now, a decrease of 15.37%. In other words, the rent of a set of 90 square meters has dropped from nearly 7,000 yuan/month last year to less than 6,000 yuan/month now.
Why do rents fall during the traditional peak season?
I Love My Home believes that the change in rent is the result of a combination of increased market supply and changing tenant demand. With the continuous emergence of new rental methods and the development of peripheral areas, the supply capacity of the rental market has been improved, and rent reduction is an inevitable choice.
From a supply perspective, housing supply is the main reason for suppressing rents.
Hanghui Future Center
Taking the Future Science and Technology City as an example, the delivery of large markets such as Hanghui Future Center and Zhongliang Muchen Courtyard has brought hundreds of new supplies to the regional rental market, resulting in "rent involution" in the region or even in a single community.
For example, the rent of Hanghui Future Center can be listed as much as 7,000 yuan/month in the first week, and it will begin to drop to 6,000 yuan/month in the second week.
In addition to Weike, this year, there are many plates including Xiaoshan City North, Asian Games Village, Gouzhuang and Jinsha Lake will usher in a big year of delivery. Coupled with some other "sale and sublease", it is inevitable that the rent in the above areas will be under pressure.
At the same time, there is an increase in rental listings led by the government or state-owned enterprises, providing more options for renters.
For example, in the first phase of public rental housing allocation this year, more than 1,600 families have checked in. Moreover, many public rental houses are still built by developers, and the quality even exceeds that of most old communities.
Asian Games Village Ningchao Meidi Apartment Model Room
There are also talent apartments such as the Asian Games Village Ningchao Meidi Apartment, which are also attracting renters with low prices. According to the leasing information, Meidi Apartment has nearly 3,500 units for rent, the average price of the first batch of 40 square meters is 2,349 yuan/month, and the average price of 60 square meters is 3,493 yuan/month.
With the introduction of these low-priced, high-quality properties to the market, it is natural to have an impact on the general rental market.
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It is worth noting that although the rent in the first quarter has rebounded year-on-year, there are also many sectors where the rent has actually rebounded slightly. For example, the Gongchenqiao plate rose 2.23% month-on-month, Caihe rose 2.48%, and Datieguan rose 2.57%.
From the perspective of data structure, prices in the old city are relatively stable. In particular, some small two-bedroom houses with complete facilities or near schools and hospitals have been basically completed at this stage.
In addition, the number of rents has increased significantly.
Statistics show that in the first quarter of this year, rental sales increased by 16.2% year-on-year and 24.3% quarter-on-quarter. The increase was particularly pronounced in March, with a 70% increase from February, which was not only much higher than the same period last year (down 1.8% month-on-month) but also far above the historical average, showing strong momentum.
According to the analysis, the high heat of Hangzhou's rental market and the continued strong demand for rental housing in the first quarter are not only the inevitable result of the development of the market itself, but also the comprehensive embodiment of government policy support and the improvement of the city's attractiveness.
Next, the arrival of college graduation season is expected to inject new vitality into the rental market. I Love My Home Research believes that with the influx of this batch of fresh blood, Hangzhou's rental market will usher in a new wave of rental climax.