How soon can I get back on rent? At the bottom of the list, this second-tier city will take 100 years!
Since July, "rent-and-sell equal rights" has become the hottest term for real estate.
The responsible person in charge of the Ministry of Housing and Construction has clearly indicated that legislation will be passed to clarify the rights and obligations of the parties to lease, to protect the legitimate rights and interests of the parties concerned, and to establish a system for stabilizing the lease period and rent, etc. Gradually let tenants enjoy the same treatment as buyers in basic public services.
As a result, now everyone`s attention has gradually shifted from the price of housing, to the rent of how much. The same right to rent and sell is a good thing for people who haven`t bought a house yet. Those with two and three homes may be most concerned about whether rents will rise in the future.
So, what is the current rate of return on rents in the world`s most popular cities? Where is the Chinese city with the highest rate of return on rent?
In this regard, the editor collated some data.
If the real rate of return on rent is to be calculated, it should be (one-year rent-maintenance) / housing price. Here, we will use the one-year rent / housing price directly, and the figures will be slightly higher.
Generally speaking, more than 5% of the rental returns are suitable for investment in the housing market, according to the data, the United States Dallas, Los Angeles, New York, Osaka, Japan, Tokyo has done a good job, the rate of return on rent is more than 5%. By contrast, the rate of return on rents in China`s first-tier cities, north, Shangguang and Shenzhen, is low, at only about 1.5%.
Next, we delve into the indicative and referential value behind this rate of return on rent. (the editor first introduces the situation of 16 international cities, then introduces the Chinese cities, and readers who are not interested in the international part can directly slide down the screen.)
1, Dallas (United States)
Dallas`s rate of return on renting was 7.35%.
The average home price in Dallas is $233000. On Zillow, Dallas`s housing market health index is 9.7, known as a "very healthy" market with close to 10 points, with only 0.1 percent of negative asset feedback.
That`s partly because Dallas generated 3.9 percent of jobs last year and 6.2 percent of its population over the past three years, which is also a long-term boon for real estate.
2, Osaka (Japan)
Compared to Tokyo, Osaka`s apartment returns are higher, at 5.91% (above).
3, Tokyo (Japan)
The Tokyo Capital Circle has a return of 5.76% on rent, a high rate of return in cosmopolitan cities. In Tokyo, the smaller the house, the higher the rate of return on rent, but the smaller the house needs more maintenance, so it neutralizes the advantages.
4, Montreal (Canada)
Montreal`s return on rent is about 5.09%, the highest of the three Canadian cities, and has great market potential. Prices are high in Vancouver, Toronto, and C $ three hundred and eighteen thousand in Montreal. As Canada`s second-largest city, it is attracting more buyers.
5. Berlin (Germany)
Germany`s return on rent is about 3.72%. The German housing market is strong in Europe. House prices and rents have risen steadily. Berlin`s dynamic labour market and slightly lower prices than other European capital cities also give it room to appreciate.
6, Los Angeles (United States)
Los Angeles` recent rent return was 5.8%. The city, which overtook New York and became the most popular property seller in the United States, has been sought after.
7, New York (United States)
New York`s overall performance was good, with a rent return of basically more than 4%. The recent rate of return on rent was 5.08%.
Manhattan`s property is doing well, and it`s easy to get a rent return of more than 6 percent when you invest in Manhattan, the smaller the size of the house, the more profitable the, Studio (stand-alone. Overall, there is a slight correction in the price of luxury homes in Manhattan, New York, and rent yields will rise slightly while rents remain unchanged.
8, Wellington (New Zealand)
Wellington home prices have risen 20% over the past year, making it one of the fastest-rising cities in New Zealand and the world.
9. Melbourne (Australia)
D Melbourne`s rent return is about 4.5%. Melbourne and Sydney are known as Australia`s two biggest cities with the lowest rates of return on rents in recent years, but have remained at a relatively good level.
Melbourne will become Australia`s largest city in 30 years, and long-term net population growth is a boon.
10, Toronto (Canada)
According to the latest report, the Toronto property market, although there are signs of a shift, but the rental market is still hot. One-bedroom rents in the second quarter of this year were C $1910, up 17 percent from a year earlier, while singles were up 15 percent at C $1588, according to the Toronto Real Estate Bureau.
11, Sydney (Australia)
Sydney`s rent return is 4.22%. Despite the sharp decline in recent years, Sydney`s housing market is still in a healthy and healthy state.
12, Vancouver (Canada)
Vancouver, which experienced a six-month correction in house prices after a 15 percent "exclusion tax" last year, started again earlier this year, adding to the gains that led to a slight decline in rates of return on rents.
Even so, Vancouver, which has a benchmark price of C $ nine hundred and ninety eight thousand seven hundred, returns close to 4%, and it is not easy.
13, London (UK)
London`s rate of return on rent is 3-4%, which is not easy for the world`s central city. Although prices are currently higher in London, rents are also high, so a good rate of return can be guaranteed.
14, Auckland (New Zealand)
Auckland`s rent returns are 3.5%. In the last five years, prices in Oakland have risen strongly, rising 42.9%. On the other hand, rents rose by only 20%, leading to a fall in returns.
15, San Francisco (United States)
In Los Angeles, San Francisco, where rents are about the same, returns to San Francisco, which is higher, naturally lackluster.
So, buying big houses in San Francisco, and buying them early, is relatively difficult if you want to rent a house, especially a small unit (1 bed).
16, Singapore
Singapore`s return on rental property was about 3.2 percent, up from the same period last year, as prices continued to fall as Singapore`s goverment eased its previous housing bubble in March. It felt like this was the time to open the door and welcome the rich.
These are the highest rates of return on rents in the world. So, what is the rate of return on rent for major Chinese cities?
Today (Aug. 20), Ji Gu`s trend released the most complete Map of Rent returns in China. According to the data, rates of return on rents in Chinese cities are generally low.
General rule: the larger the city, the lower the rate of return on rent
None of the top 10 cities in the top 10 have first-line or new first-tier cities, with only three second-tier cities and 70% third-and fourth-tier cities. But even Hengyang, the top-ranked city (with a 4.23% return), has no advantage over the international cities. All four top-tier cities are in the lowest return camp, linked to excessive house prices relative to rents.
Of the four cities, Beijing has the lowest rate of return on rent, ranking 96th in 100 cities with 1.37 percent, followed by Shenzhen (1.38 percent), Shanghai (1.48 percent) and Guangzhou (1.69 percent). They ranked 94th, 89th and 95th respectively.
The returns of new first-tier cities are also in the middle and bottom, with 15 new first-tier cities ranked as follows:
According to the report, there is a second-tier city very special: Xiamen.
Xiamen`s rate of return on rent is the lowest in all cities, even lower than in first-tier cities. This is due to the fact that rents in Xiamen remain in a low state (which has been falling in the last year), but that house prices have been raising their heads. If you want to rely on rent return, referring to the 1% return on rent this static data, investment in Xiamen real estate will take 100 years to return!
The editor said so much that if she saw it, she would laugh at the editor: "you are so stupid and naive, you think I really make money on rent?" Can`t I sell the house?! "
