Beijing rents the house to say goodbye only rises not to fall? The long-term rental apartments will not be closed and both parties will lower their expectations


Beijing rental market also bid farewell to only rise but not fall? The long-term rental apartment enterprises stopped taking over their houses, and both parties lowered their expectations
Every reporter Wang Jiafei, every editor Chen Mengyu
“Our company has completely stopped taking over the house, and now we can say that we have rented out one set and one less.” Beijing Fangshan District, in order to create a sense of urgency, a head long rental apartment agent said to Zhao Xun, who is looking at the house.
This is the reality of Beijing’s rental market. The head of the long-term rental apartment enterprises began to shrink, and both parties also lowered their expectations. Institutional data show that the leasing market in Beijing continues to be sluggish, and the turnover of Beijing in November 2020 is down 3.8% month on month.
The long-term apartments are intended to shrink
“We’ve now begun to deliberately shrink and pull out of less profitable rooms,” the broker said
Zhao Xun is deeply touched by this sentence. In fact, this is the reason why he began to look for a house. Zhao Xun told the daily economic news that he had been renting a long-term apartment since graduation, and now he has to move out because of the expiration of the contract between the landlord and the operator.
At present, many owners no longer trust long-term apartments. In July 2020, the rent of Zhao Xun’s room was reduced by negotiation between the operator and the landlord. Both parties had planned to terminate the contract, but they finally gave up with the compromise of the operator. When the contract expired in January 2021, both parties said that they would not renew the contract.
Although there are different parents renting apartments, companies have publicly said that they will take over some of the current housing resources of eggshell apartments, but the above-mentioned brokers said: “we must also carry out screening, and only high-quality housing resources will we choose to take over.”
At present, in some official websites of long-term apartments, it is easy to find preferential policies such as “10% discount on rent” and “free of one month’s rent”. However, the agent still said: “the vacancy period is about 20 days now, and some things about robbing houses can be seen, but not much.”
From January to November in 2020, the average transaction cycle of tenants is 44.3 days and 21.5 days, which is 12.0 days and 13.2 days longer than that in the same period of 2019, and the transaction cycle of tenants remains high.
In fact, to a certain extent, Beijing’s rent expectations are driven up by long-term apartments. In August 2018, Hu Jinghui, then the vice president of my family, bombarded the long-term rental apartment enterprises such as Laiwu and eggshell, competing for housing resources at a price of 20% – 40% higher than the market price, artificially raising the house price.
In order to stabilize the rent, the Beijing Municipal Commission of housing and urban rural development, in conjunction with several departments in Beijing, interviewed the person in charge of the housing rental enterprises, and clearly required that the housing rental enterprises should not seize the housing resources with the rents higher than the market level or bid up the rents.
An insider in the brokerage industry told the daily economic news: “in fact, the higher closing price of long-term apartments is aimed at the long-term, at least five-year cycle. In the long run, this account can be counted.”
The reality is that the market has not continued to rise as expected.
According to the data of Shell Research Institute, Beijing’s trading volume fell by 3.8% month on month in November 2020. After reaching the peak value in August, Beijing’s leasing volume turned into the off-season market from September, and continued to decline month on month in September, October and November.
In terms of rent level, the monthly rent level of Beijing in November 2020 was 79.5 yuan / m2, which was basically the same as that in October, with a year-on-year decrease of 2.4%.
Landlords are no longer expected to rise
At present, the expectations of landlords are no longer rising.
Li Sheng is a landlord in Beijing. He has a lot of houses in Shijingshan. Before, he rented the house to long-term apartment enterprises to collect rent steadily. “Now, I can’t think of a single thing to do with the tenant.”
In Li Sheng’s opinion, if he can’t get the rent, the tenant has no reason to live in his own house. The reporter did not ask him to leave the details of the tenants, in short, is the housing supply to his hands. “Maybe the price they signed is too high. I just want to be safe and get the rent when it is due. In fact, it doesn’t matter if the rent is more or less.”
The shellfish Institute’s data also reflect a drop in landlord expectations. In November, the average listing price of new housing in Beijing was basically flat on a month on month basis, but remained at a low level. In November 2020, the average listing price of new housing resources was 82.6 yuan / m2, which was basically flat on a month on month basis, with a decrease of 5.7% compared with the same period last year. The psychological expectation of the owners for renting has dropped for four consecutive years from June to November, which is basically the same as that in October and remains at a low level.
In this kind of “more little does not matter” concept, Li Sheng told reporters that his hands from the eggshell empty out of the house quickly through the neighborhood intermediary rent out. “About 5% less rent per house, but it’s settled.”
According to the data of Shell Research Institute, the rents of Dongcheng, Changping, Shunyi and Mentougou districts increased slightly in November 2020, while the rents in other urban areas decreased by less than 5%.
In terms of trading volume, in November 2020, Tongzhou, Xicheng and Shijingshan District rental trading volume rose on a month on month basis, with an increase of no more than 3%. The volume of the remaining 10 urban areas decreased to varying degrees, among which the turnover of Changping, Fangshan, Mentougou and Yizhuang Development Zones decreased by more than 10%.
Rent price can be negotiated
In Shijingshan, Beijing, Zhao Xun in the Internet to see a set of a house, in the early morning under the introduction of the broker will set out. In the chat on the road, the agent told him that in fact, the leasing business during this period of time was not particularly busy, and it was obviously not as much as before.
The landlord has arrived earlier. It is said that this is a set of resettlement housing in his hands. Because there is no pressure to repay the loan, he is not in a hurry to rent, but only to find a stable tenant.
Zhao Xun told reporters that the landlord said that, in the final negotiation, the landlord still accepted the result of 400 yuan / m2 lower than the offer.
“Now it’s about the same price. Let’s meet each other. I know that the price of one bedroom around here last year was about 1000 yuan higher than the current price. If you can rent it steadily for a long time, let’s take this price. ”

After paying the deposit, the landlord said to Zhao Xun: “yesterday I actually received a day’s visitors here. Either the price is not good or the conditions in the house are not good. I am willing to ask for less rent according to your frankness.”
Zhao Xun told reporters that he has been living in a long-term apartment since 2017. When signing a contract in previous years, the rent will almost always rise by about 10%. However, when the rent is renewed in 2019, the rent rarely rises.
According to the data of Shell Research Institute, the rent in Beijing has been going down since the end of 2019. After reaching the peak in July 2019, the monthly rent per square meter will start to decline. The epidemic situation has deepened this trend and made the rental market in Beijing continue to decline.
“That’s why I can bargain for 400 yuan. Before that, I knew it was impossible.” Zhao Xun said.