hot cities "price ratio" tracking survey confirmed that the property market bubble is serious
newspaper reporter Zhang Lu
"rent price Compared with "the first appearance of the rent return of 6 cities in China"
the Ministry of homeland 29 published "China's urban land price status 2009", which is the first to clear the concept of "rent ratio", which is considered to be the basis for judging the health of a city's property market by comparing the data of housing rental prices and housing sales prices.
the ratio of rent to rent determined by the Ministry of land is: the rental price of a flat = rental price (one year) / house price (excluding decoration and taxes). The Ministry of homeland believes that if the ratio is below 4.5%, the housing price in the region is bubble, if the ratio is higher than 5.5%, there is still room for appreciation.
it is understood that the Ministry of land, including Qingdao in our province, has continued to follow the changes in the property rental ratio of the six major cities in China. The data show that the relative rent level of sales prices has risen too fast in the last five years. From 2005 to 2009, the rental price ratio of residential property in Beijing was 6.42%, 6.11%, 4.83%, 4.59% and 3.81% respectively, and the other 5 typical cities, including Qingdao, were roughly the same trend. This data also shows that from the rate of return on investment, the rent ratio of the 6 sample cities in the Ministry of land is lower than that of the individual housing loan rate more than 5 years, indicating that the return on rents of long-term housing investors is significantly lower than the rate of return on the normal investment.
Ji'nan has a rental ratio of only 3%, which is lower than that of the provident fund loan rate
professor Li Tiegang, vice president of the school of economics of Shandong University and the director of the real estate research center, believes that the rental market is more stable. The proportion of rental income and the total housing price can partly reflect the health of a city's property market and reflect the trend of the development of the city. Li Tiegang said the ratio of rent ratio between different cities is not the same. "Large cities, more floating population in urban rents ratio is higher, and vice versa," in Shandong property market represented by Ji'nan and Qingdao, the price of rent is lower than ever. This shows that the price of commercial housing in our Province is high, but whether the property market exists in our province is in existence. Bubble, how big the bubble is, but also through specific volume analysis, vacancy rate and other data to comprehensively judge.
according to the data tracking survey on the "rent ratio" of six major cities in China, including Qingdao, China, the territorial Department concluded that a serious bubble in the hot city property market.
our province related experts believe that Ji'nan and Qingdao as the representative of Shandong property market, "price ratio" has always been on the low side, which is enough to show that the price of commercial housing in our province is now high.