Monthly report of national leasing market in March 2022 From 58 anjuke Real Estate Research Institute
The following is the Monthly report of national leasing market in March 2022 From 58 anjuke Real Estate Research Institute recommended by recordtrend.com. And this article belongs to the classification: Life data.
Report summary:
In March, the government work report of the two sessions set the development direction of real estate and continued to ensure the housing needs of the masses. Adhere to the positioning that houses are used for living rather than speculation, explore new development models, adhere to the simultaneous development of rental and purchase, accelerate the development of long-term rental housing market and promote the construction of affordable housing.
L in March, the listed rent of 65 cities nationwide increased by 0.62% month on month to 30.62 yuan / m2 / month. Rents rose in 40 cities and fell in 25 cities.
L in March, the supply of listed rental houses in 65 cities across the country increased by about 30.4% month on month. The northeast of North China rose the most month on month, about 14% higher than that in February, reaching 35.4%.
L in March, the heat of leasing demand in 65 cities nationwide fell to 5.4% month on month, and the heat fell somewhat.
L in March, the overall listing supply of key 10 cities increased by 33%. The overall rental heat fell compared with last month, but still showed a month on month growth trend. Guangzhou and Hangzhou performed better, and only Shanghai fell 5.6% month on month.
1、 Interpretation of leasing policy
In March 2022, the two sessions were successfully held. This year’s government work report set the development direction of real estate and continued to ensure the people’s housing needs. Adhere to the positioning that houses are used for living rather than speculation, explore new development models, adhere to the simultaneous development of rental and purchase, accelerate the development of long-term rental housing market and promote the construction of affordable housing.
In contrast, the two sessions in 2021 emphasized “increasing the supply of indemnificatory rental housing and housing with common property rights through multiple channels, standardizing the development of long-term rental housing market and reducing the tax burden of rental housing”. This year’s two sessions on the development of rental market emphasized accelerating the development of long-term rental housing market and continuing to promote the construction of indemnificatory housing.
As of the first quarter of 2022, the leasing related policies issued by all localities mainly focus on the planning and preparation objectives and financing channels of affordable rental housing during the 14th Five Year Plan period. In March, Wuhan, Nanjing, Shenyang, Harbin and other markets successively disclosed the preparation objectives of indemnificatory rental housing in 2022, and cities put the accelerated supply and construction of indemnificatory rental housing in the first place. This year and next, it is expected that affordable rental housing will enter the stage of large-scale supply, alleviating the rental pressure of new citizens and young people in large and medium-sized cities.
In terms of market standardization, the standardization of leasing market is the focus of cities to build leasing management system. In March, Beijing issued Measures for the rental management of jointly owned housing. The rental activities of jointly owned housing should be handled through the network service platform established by the municipal holding agency. Nanjing will implement the new version of Nanjing measures for the administration of Housing leasing from May 1, 2022, add the chapter of “Housing leasing enterprises”, and put forward relevant provisions for Housing leasing enterprises and employees to standardize the market order through the five contents of “business norms”, “housing rent loans”, “Housing leasing fund supervision”, “prohibitive norms” and “subject registration”. In addition, since the upgrading and trial operation of Chengdu Housing leasing transaction service platform (leasing sector) on November 29, 2021, the overall operation has been stable. In the first quarter of 2022, 61000 rental online signatures were recorded, and the “four reductions” have achieved initial results.
In terms of financial support, in March, the central bank, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission encouraged financial institutions to provide targeted financial products and services according to the financing demand characteristics of affordable rental housing, and supported banking financial institutions to provide financial support to self-supporting subjects of affordable rental housing in a market-oriented manner. The CSRC said that studying and formulating the raising rules of infrastructure REITs and speeding up the implementation of the public offering REITs pilot project of indemnificatory rental housing are expected to further open up channels for financing.
At the same time, March ushered in the performance disclosure period of listed companies, and the performance of some large-scale brand long-term rental apartment enterprises increased beautifully. According to the results of China Merchants Shekou in 2021, 36000 long-term rental apartments have been operated, an increase of nearly 30% over 2020. It is expected that 19 long-term rental apartment projects will be opened before 2025, with a cumulative construction area of more than 380000 square meters and nearly 8000 houses. By the end of 2021, Guanyu has opened 106000 rooms in total, and the rental income is 2.23 billion yuan, with a year-on-year increase of 23%. 2021 is the first year for Guanyu to make profits for the whole channel. Xuhui Lingyu released its performance in 2021 and has entered 20 cities with nearly 80000 rooms.
1. Key policies
The central bank, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of foreign exchange and the people’s Government of Zhejiang Province issued opinions on financial support for the high-quality development of Zhejiang and the construction of a demonstration area of common prosperity
On March 18, the central bank, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of foreign exchange and the people’s Government of Zhejiang Province issued opinions on financial support for the high-quality development of Zhejiang and the construction of a demonstration area of common prosperity. Opinions put forward to strengthen financial support for Housing leasing. Optimize the financial support for affordable rental housing, try first in terms of housing rental guarantee bonds and housing provident fund loan asset securitization, and bring qualified affordable rental housing construction projects into the scope of special bond support of local governments.
Support banks to provide financing services to self-supporting entities of indemnificatory rental housing in a market-oriented manner, and provide operating loans to housing leasing enterprises that reconstruct and transform existing houses to form indemnificatory rental housing with non self owned property rights. If the indemnificatory rental housing held and operated by the enterprise has sustained and stable cash flow, explore the property mortgage as a credit enhancement and issue housing lease guarantee bonds.
CSRC: promote the implementation of public offering REITs pilot project of indemnificatory rental housing
On March 18, the website of the CSRC announced that at present, the CSRC is working with relevant ministries and commissions to further promote the pilot of infrastructure REITs, improve the system and mechanism, and broaden the scope of the pilot. At the same time, it is studying and formulating the raising rules of infrastructure REITs and speeding up the implementation of the pilot project of public offering REITs of affordable rental housing.
The CSRC said that promoting the healthy development of infrastructure REITs is an important deployment made in the 14th five year plan, which is of great significance for effectively revitalizing stock assets, innovating investment and financing mechanisms, broadening equity financing channels, and enhancing the ability of the capital market to serve the real economy.
2. Market norms
Beijing: issued the notice on regulating the rental management of housing with common property rights (for Trial Implementation)
On March 1, the Beijing Municipal Commission of housing and urban rural development and other four departments jointly issued the notice on standardizing the management of rental housing with common property rights (for Trial Implementation). It is clearly mentioned that the rental activities of jointly owned housing should be handled through the network service platform established by the municipal holding agency, and the government rental income will be collected in a fixed amount according to the principle of low rent. If a buyer of a house with common property rights in Beijing really needs to rent a house due to the employment of family members and the schooling of children, it shall be implemented in accordance with the relevant provisions of the state and this Municipality on the management of Housing leasing and the management of housing with common property rights. Housing leasing activities with shared property rights shall be included in the scope of Housing leasing supervision and administration in Beijing.
Zhengzhou: issued the implementation opinions on accelerating the development of indemnificatory rental housing
On March 4, Zhengzhou municipal government issued the implementation opinions on accelerating the development of affordable rental housing, which made it clear that affordable rental housing mainly solves the housing difficulties of qualified new citizens, young people and other groups. For the supply of social security housing, there is no registered residence and income restriction in principle. Zhengzhou will support the construction of indemnificatory rental housing through various policies. In principle, the proportion of new and reconstructed indemnificatory rental housing with an area of 70 square meters or less shall not be less than 70%.
Nanjing: the measures of Nanjing Municipality for the administration of house leasing came into effect on May 1
On March 9, the Nanjing Municipal People’s government issued the Nanjing measures for the administration of house leasing (hereinafter referred to as the new measures), which will come into force on May 1, 2022, and the old measures in 2004 will be abolished at the same time. The new version of the measures adds a chapter on “Housing leasing enterprises”, and puts forward relevant provisions for Housing leasing enterprises and employees through five contents: business norms, housing rent loans, housing leasing fund supervision, prohibitive norms and subject registration, so as to standardize the market order.
Chengdu: in the first quarter, the housing rental transaction service platform completed the filing of 61000 rental online signatures
On March 25, the Chengdu Housing leasing transaction service platform (leasing sector) has been running smoothly since its upgrade and trial operation on November 29, 2021. From January to March 2022, the average daily visits of the platform were nearly 100000, and 61000 rental online signatures were recorded. The “four reductions” of the housing leasing business have achieved initial results.
3. Lease supply
1. Financial taxation
Chongqing: financing 80 billion yuan to build affordable rental housing
On March 4, Chongqing Municipal Commission of housing and urban rural development signed a strategic cooperation agreement on affordable rental housing with Chongqing Branch of China Development Bank and Chongqing Branch of China Construction Bank. According to the contents of the contract, during the 14th Five Year Plan period, the two banks will provide total financing of no less than 40 billion yuan for affordable rental housing projects in Chongqing, and the interest rate can float down according to the benchmark interest rate according to specific projects to provide the most preferential support.
Hefei: application for financial award and subsidy for Housing leasing in 2021
The review of the application for financial award and subsidy funds for Housing leasing in Hefei in 2021 will be carried out from March 10 to April 15. According to relevant regulations, individuals who rent their own houses to others will be rewarded with 18 yuan per square meter per year according to the filing area; Enterprises providing housing rental intermediary services with a cumulative filing area of 3000 square meters in that year will be rewarded with 1.6 yuan per square meter per year, and the same set of houses will not be rewarded and supplemented repeatedly. Property service enterprises that provide housing rental information collection services for local towns (streets and communities) will be rewarded and compensated at 50 yuan per set. The same set of housing can only be awarded and supplemented once a year.
2、 Analysis on supply and demand of leasing market in 65 cities in China
1. Performance of listed rents in 65 cities across the country
(1) Changes of listing rent in 65 cities in March
In March 2022, the listed rent of 65 cities across the country increased by 0.62% month on month to 30.62 yuan / m2 / month. Since breaking through 30 yuan / m2 / month in November 2021, it has remained at this level for five consecutive months with slight fluctuations.
In March, the listed rents of 40 cities in 65 cities rose and those of 25 cities fell. On the whole, the rise in listed rents reflects the warmer demand in the rental market and the improvement of landlord rental confidence. Among them, there are two cities with a listing increase of more than 5%, while the decline of cities is within 5%. The listed rents of 40 cities fluctuated between – 2% and 2%, and remained relatively stable as a whole.
The performance of listed rents in first tier cities in March was better than that in February. The listed rents in Beijing and Guangzhou increased by 3.9% and 2.6% month on month. Affected by the epidemic, the mobility of urban people in Shanghai and Shenzhen decreased, but the performance of listed rents was relatively strong. Shanghai was flat month on month and Shenzhen fell by 3.5% month on month. In March, most of the cities with listed rent increases were distributed in Northeast and East China, such as Zhuhai, Nantong, Qinhuangdao, Yantai and other cities, with a month on month increase of more than 3%; The cities whose listed rents fell were concentrated in the central and western regions and South China, and Xiamen, Wenzhou, Luoyang, Xi’an and other cities fell by more than 3%.
From a comprehensive analysis, driven by the demand for returning to work, the rental market entered the “little sunny spring” in March, and the listed rent rose moderately as a whole, but there were large differences among cities. Due to the disturbance of the epidemic, the rental demand of a few cities, such as Shenzhen and Shanghai, was restrained to a certain extent, and the listed rent fell. The listed rent performance of the central and western regions is weaker than that of North China, Northeast China and East China.
(2) Changes of listing rents in various regions in March
From the perspective of 65 cities and sub regions, the average rent of listed sets in various regions showed different performance in March. The rent of listed sets in North China and Northeast China increased by 2.1% month on month, the rent of East China and South China decreased slightly by 0.8% month on month, and the rent of central and Western China decreased by 1.8% month on month.
From the perspective of absolute rent level, North China and Northeast China are listed this month. After the rise of rent, it is basically the same as that in East China, which are 2388 yuan / month / set and 2361 yuan / month / set respectively. South China maintains the level of 2900 yuan / month / set, which is the highest listing price among the four regions. The lowest listing rent in the central and western regions fell to about 1850 yuan / month / set this month.
Month on month, in March, the listing rents of North China, Northeast China, East China and South China ended the downward trend for four consecutive months and began to show an upward turning point, while the listing rents of central and western cities continued to decline.
2. Supply of rental houses in 65 cities nationwide
(1) Changes of listed rental houses in 65 cities in China in March
In March, the supply of listed rental houses in 65 cities nationwide increased by about 30.4% month on month. After the rental listing volume resumed rising in February, it continued to show a large-scale listing trend above the high base this month. Combined with the performance of the overall listing rent of 65 cities, the tide of returning to work after the Spring Festival drives the rise of rental demand. When the housing is not fried, the house price remains relatively stable, and the listing rent continues to rise, the landlord’s rental expectation and listing enthusiasm have increased.
(1) Changes of listed rental houses in various regions in March
Due to the warmer rental demand in spring, the number of rental listing increased significantly. In March, the supply of rental listing in all regions remained high, showing an upward trend month on month.
Combined with the listing data of various regions, North China and Northeast China increased the most month on month, about 14% higher than that in February, reaching 35.4%. South China rose 33% month on month, slightly higher than the increase in February. East China grew 25% month on month, unchanged from the previous month. In addition, the central and western regions performed well in February, with the highest month on month growth of listing volume, and the month on month growth rate fell to 32.7% in March.
3. Demand heat of leasing market in 65 cities nationwide
In March, the heat of leasing demand in 65 cities nationwide fell to 5.4% month on month. However, due to the high heat of leasing demand in February, based on the high base, the leasing demand in this month still performs well.
From the perspective of cities, among the first tier cities, Guangzhou and Beijing showed higher lease demand heat month on month. Shanghai and Shenzhen were affected by the epidemic, and the lease demand heat weakened this month. The overall demand performance of second tier cities is relatively stable. Under the high demand heat in February, it maintained a month on month rise, such as Foshan, Zhuhai, Zhongshan, Dongguan, Suzhou and Huizhou. As the first quarter is the peak season for the recruitment and commencement of manufacturing industry, the rental demand of some second tier cities in the Yangtze River Delta and Dawan District of Guangdong, Hong Kong and Macao is relatively strong. The leasing heat of second and third tier cities in central and Western China is relatively weaker, such as Changchun, Shenyang, Lanzhou, Xi’an and Nanchang.
3、 Supply and demand analysis of rental market in key 10 cities
1. Performance of listed rents in 10 key cities in March
From the performance of listed rents in 10 key cities in March, the overall listed rent level increased steadily, with only Shenzhen and Xi’an falling, with a decline of about 3%. The listed rents in Beijing, Hangzhou and Guangzhou performed well. The listed rents in Beijing returned to above 100 yuan / m2 / month in March, up 3.9% month on month. Hangzhou rose 3.1% month on month to 60.23 yuan / m2 / month. The listing rent levels in Shanghai, Wuhan and Chongqing were basically the same as last month.
As the overall rental demand in the first and second tier cities rebounded sharply last month, the listing rent rose in March. It is expected that the listing rent will remain relatively high and fluctuate slightly in the future. Due to the disturbance of the epidemic, the market supply and demand in some cities will be restrained in the short term, and the listing rent may fall.
2. Comparison of rental supply and demand in 10 key cities in March
In March, the overall listing supply of key 10 cities increased by 33%, which was better than that in February and higher than that of 65 cities nationwide in March. According to the data feedback of each city, the number of leasing listings showed a month on month rise. Among them, the listed supply in Beijing, Xi’an and Guangzhou grew well, with a month on month growth rate of nearly 50%, and that in Chengdu increased by about 8%, which was relatively weak in the 10 key cities.
Combined with the heat of rental demand, the overall rental heat fell compared with last month, but still showed a month on month growth trend. Guangzhou and Hangzhou performed better, and only Shanghai fell 5.6% month on month. Overall, the rental markets in Beijing, Guangzhou and Hangzhou remained prosperous in supply and demand in March, and the heat of supply and demand in Chengdu market fell significantly.
In March, the listed supply price distribution structure of rental houses in key 10 cities was relatively stable. On the whole, the listed supply still accounts for the highest proportion of 4001-6000 yuan / month / set, about 19.8%, down 0.5% month on month compared with February. Meanwhile, the supply of 3001-4000 yuan / month / set also decreased. In February, the supply of houses in the middle and low price segment increased significantly. This trend changed in March. The proportion of low price supply below 1500 yuan / month / set increased by only 0.6%, while the proportion of price supply above 6000 yuan / month / set increased by 0.6%. With the end of the tide of returning to work, the supply structure of rental listed houses will tend to be stable, and the supply and demand of medium and high price segments will rise to a certain extent.
More reading: 58 anjuke Real Estate Research Institute: the real estate market in 70 cities showed signs of recovery in January 2022, and the new house prices in first tier cities stabilized and rebounded. 58 anjuke Real Estate Research Institute: national new house market report in January 2022, Beijing monthly rental report: the rental market continued to recover, The rent level was stable, moderate and slightly decreased. Shell Research Institute: national rental market report in November 2021 (with download) 58 anjuke Real Estate Research Institute: national rental market report in February 2022. Shell Research Institute: the trading volume of rental market in 18 key cities in China increased by 26.8% compared with last week. 58 anjuke Real Estate Research Institute: house price map of national popular cities in January 2022 58 anjuke Real Estate Research Institute: Graduate Research Report in 2020 (with download) 58 anjuke Real Estate Research Institute: national new house monthly report in October 2021 58 anjuke Real Estate Research Institute: 2022 return to city rental survey report (with download) 58 anjuke Real Estate Research Institute: national second-hand housing market monthly report in January 2022 (with download) 58 anjuke Real Estate Research Institute: national rental report in July 2021 58 anjuke Real Estate Research Institute: National Housing Index report in July 2021 58 anjuke Real Estate Research Institute: national rental market report in May 2021 58 anjuke Real Estate Research Institute: National Housing Index report in February 2022
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