In June, Chinas first -tier cities fell on rent

June and July are the traditional Chinese graduation season, and the rental market often increases.However, in June this year, the rental market in key cities has not seen significantly rising prices, and the rent in first -tier cities will not increase and fall.

Caixin.com reported that the Zhuge Data Research Center of China Market Institution released a report on Friday (June 30) on Friday (June 30) to show the above information.

According to reports, the average rent in first -tier cities in June was 88.15 yuan per square meter per month (RMB, about S $ 16.43), and fell 0.29%month -on -month.

The data of Zhuge Data Research Center in the past five years shows that before June 2023, the rent of first -tier cities in June 2020 was slightly fell by 0.04%due to the crown disease.Raise a month -on -month.In June 2019, June 2021 and June 2022, the rent of first -tier cities rose 0.54%, 2.71%, and 1.45%month -on -month.

The annual graduation season, a large number of graduates pour into first -tier cities to work and live, and promote the leasing market in first -tier cities.The Zhuge Data Research Center pointed out that the poor employment situation in 2023 led to insufficient rents.

According to data released on June 15th, the National Bureau of Statistics of China showed that the national urban survey unemployment rate in May was 5.2%, but the youth unemployment rate was two consecutive months.New high, rising to 20.8%.

Caixin.com reports that the cost of living in first -tier cities is relatively high, and the employment destination of graduates has gradually shifted to key second -tier cities, and some people return home.

The data of the Zhuge Data Research Center shows that the above trend has led to the continuation of the rent in the second -tier cities in June, especially in Suzhou, Hangzhou, Wuxi and other hot cities in the Yangtze River Delta.The respectively increased by 1.52%, 1.21%, and 1%month -on -month.

Among the four first -tier cities, the largest rents fell in Shanghai and Guangzhou, and the rent fell 1.81%and 1.12%in June.The Zhuge Data Research Center believes that, in addition to the lack of employment prosperity, the supply of affordable rental housing has increased significantly in the near future, and it is also one of the reasons for the decline in Shanghai rent.