China’s housing leasing market continues to grow，Young people become the main force
The latest research report shows that China’s housing leasing market will continue to grow under the influence of multiple factors such as population mobility, housing concept and policy, and young people will become the main force of renting houses.
CBN Data posted the “2018 Young People’s Rental Big Data Report” to explore the new development of young tenants’ renting houses represented by “post-90s” and “post-95s”.
The report predicts that China’s housing leasing market will continue to grow in the future. At the same time, many direct renting platforms are slowly emerging in the rental market. This model eliminates the high cost of commission fee, transparent information, and shorter transaction periods, which are quite popular with young people.
As the newcomers to work, the “post-90s” and “post-95s” are generally shy, so they are most concerned about the “price” factor of renting. According to the report, nearly 80% of young tenants regard “reasonable rent” as the primary consideration when renting a house. At the same time, the degree of attention to the convenience of transportation is almost equal to the “rent”. In addition, nearly 90% of young tenants are willing to pay extra rent for shorter commute times.
According to the report, more than 80% of young tenants choose to share. The main reason is that the consideration of economic factors, sharing of utilities fees,management fee and rent are the original intention of their choice of sharing. However, young tenants who are mainly single children have certain requirements for the choice of roommates. The law of cleanliness and daily routine is a factor they considering.
According to the report, renting a house does not reduce the quality of life of young people. They purchase quality furniture and other soft accessories to decorate their living spaces, improve their convenience, and purchase small kitchen appliances.