Core Insights - The rental market in 55 cities across the country has seen a decline in personal housing rental prices, with an average rent of 31.9 yuan per square meter per month in the first half of 2025, reflecting a year-on-year decrease of 3.6% [1] - The rental market is characterized by a combination of weak demand and oversupply, leading to a continuous decline in rental prices for four consecutive years, with the rate of decline accelerating [1] Market Segmentation - In the core eight cities, the centralized apartment market shows significant differentiation, with Beijing, Shanghai, Guangzhou, Shenzhen, and Hangzhou experiencing a rental price decline of approximately 3%, which is much lower than that of personal housing [1] - In contrast, cities like Chengdu, Wuhan, and Nanjing, where the proportion of guaranteed rental housing has increased (46.5% in Chengdu and nearly 60% in Shanghai), have seen rental price declines ranging from 4% to 7%, indicating weaker pricing power compared to personal housing [1] Notable Trends - Despite the overall downward trend, over a hundred centralized apartment sectors in the core eight cities have managed to achieve rental price growth, with Guangzhou being the only city to report a positive rental growth of 0.07% month-on-month, benefiting from minimal impact from guaranteed rental housing and demand from the digital economy [1] - Beijing and Nanjing have maintained relative stability in rental prices due to their lower scale of guaranteed rental housing [1]
全国个人房源租金连跌四年 核心八城分化加剧 百个“韧性板块”逆势增长
Sou Hu Cai Jing·2025-08-07 07:56