“出租4年，最后只赚了个装修钱”……上海房东们的心态变了

Core Viewpoint - The average rent for landlords in 55 key cities in China has been declining for 11 consecutive months, with Shanghai experiencing the most significant drop of 11.78% year-on-year [1][3]. Group 1: Rental Market Trends - The rental market in Shanghai has seen a substantial decrease, with some landlords reporting rents dropping nearly one-third from peak levels [1]. - The supply of personal rental listings has reached a three-year high, with a total of 618,000 new listings in 55 cities, marking a 12.19% year-on-year increase [3]. - Over 60% of cities have experienced a month-on-month decline in personal rental prices, with the majority seeing decreases of less than 3% [3]. Group 2: Impact of Affordable Housing - The introduction of high-quality affordable rental housing projects is putting continuous pressure on the personal rental market, leading to further declines in rental prices [1][2]. - In Shanghai's Yangpu District, affordable housing options are being developed to cater to new residents and young talents, with rental prices significantly lower than nearby private housing [1]. - The upcoming years are expected to see a surge in the supply of affordable rental housing, potentially increasing the downward pressure on personal rental prices [2]. Group 3: Landlord Sentiment - Landlords are experiencing a shift in mindset, with some expressing a willingness to lower rents to attract tenants, while others prefer to leave properties vacant rather than reduce prices significantly [3][4]. - The sentiment among landlords indicates a struggle to adapt to the ongoing rental price declines, with many feeling the current market conditions are challenging [3][4].