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At present, young people are facing various pressures in society and need to face choices such as career, family, and marriage. Recently, Xiang Songzuo, an economist and president of the Shenzhen Greater Bay Area Financial Research Institute, provided young people with new lifestyle choices, he said in an interview, "I think young people before the age of 40 should focus on their careers, and you should find the right career development direction for you as soon as possible."
He said that from graduating from college to the age of 40 is the most critical age for career development, in this age, I hope that young people travel lightly, do not have so many burdens, including emotional burden and financial burden, what is wrong with renting a house, renting a house will never affect marriage, nor will it affect having children.
Some netizens agree with this point of view, believing that renting a house is a modern way of life and should not be an obstacle to marriage and childbirth. However, others raised practical questions about renting life, especially about their children's education. "After renting a house, getting married, and having children, it is difficult to implement the child's household registration, so they can only go back to their hometown to go to school, which affects the child's schooling."
With the acceleration of urbanization and the increase in population mobility, the demand for housing rental is rising. However, some cities are facing a lack of supply, resulting in high rental levels. In addition, there are also certain problems in rental contracts, rent transparency, and protection of lease rights and interests, which require the government and relevant departments to further improve relevant policies and regulations and improve market order.
-- China's supply of land for housing rental
According to the data provided by Kerry Database, the supply of leased land in 2020 shrank slightly compared with 2019, mainly due to the obvious impact of the spread of the epidemic on the industry at the beginning of 2020, and the supply of leased land in China's cities in 2020 was 3.65 million square meters.
According to the data report released by 58 Anju Real Estate Research Institute, in 2020, 91% of the country's rental land supply was distributed in first-tier and new first-tier cities such as Shanghai, Hangzhou, and Nanjing, and Shanghai, as the first city to launch leased land, accounted for 45.9%.
-- The size of China's rental demand group
According to the calculation method given in the "China Floating Population Development Report", the proportion of renting houses among the floating population in mainland China is about 67.3%, and combined with the total number of floating population in China in the past five years and the new number of college graduates, it is estimated that the size of China's rental demand group in 2020 will be 285 million.
According to the proportion of renters in Shanghai in 2020 and the growth rate of renters in Beijing, Shanghai, Guangzhou and Shenzhen in recent years, the proportion of renters in the four major first-tier cities in 2020 will be about 37% of the permanent population. In the new first-tier cities, the proportion of renters in different cities to the permanent population is more obvious, attracting a large number of young people, the proportion of renting in Chengdu, which attracts a large number of young people and has a fast economic development speed, is about 37%, which is comparable to the traditional first-tier cities, while the proportion of renters in Wuhan has dropped to 26%, which can be seen that China is currently renting in several cities with better economic development, while the proportion of renters in second-tier cities and below has begun to fall. The proportion of renters in the permanent population will be significantly lower than that in first-tier cities, the scale of China's housing rental market has grown rapidly in recent years, looking forward to the comprehensive proportion of housing rental population in major cities to the permanent population, it is estimated that the proportion of renters in the country is about 20%, combined with the size of the Chinese population of 141,200 in 2020, it is estimated that the number of renters in China in 2020 will be about 282 million.
According to the tracking survey of the development of the housing rental market, the Prospective Industry Research Institute comprehensively estimates that the per capita rental expenditure in mainland China in 2021 will be about 10,296 yuan/year, and the per capita annual rental expenditure in 2026 will be 10,530 yuan/year, combined with the above prediction of the size of the housing rental population, it is expected that the scale of the mainland housing rental market is expected to exceed 3.5 trillion yuan by 2026.
Cai Yun, secretary-general and researcher of the Commercial Cultural Tourism Real Estate Professional Committee of the China Real Estate Association, said that from the overall development direction of rental housing, it can be seen that the market-oriented long-term rental housing is a dual-line development of government-led rental housing, and in addition to the government-led affordable rental housing, the market-guided rental housing enterprises have been on the right track after years of development, and in 2018, after the introduction of normative policies in the field of long-term rental in the local area, the government has assumed a guiding and supervisory role. The long-term rental industry has experienced rapid development in the whole development, clearing, etc., and has also entered the right track, so the market-oriented long-term rental development model, in which long-term rental apartments have become the focus of the future, that is, the road we are taking now will definitely be the focus of the future.
Prospective Economist APP Information Group
For more research and analysis of this industry, please refer to the "Market Prospect Forecast and Investment Analysis Report of China's Housing Rental Industry" by Qianzhan Industry Research Institute.
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