China - more data and information
Comments
#1 MARC | May 16, 2010
Your numbers are conservative. The renter has a lot of bargaining power in Shanghai. I would say (from personal experience) that your yields are about 1% too high.
#2 HOWCOME | May 18, 2010
Agree with Marc. Live and rent in Beijing now. 160 SM, asking sales price 4.8 M Yuan, rent 6 K Yuan/month.
#3 THOMAS | June 15, 2010
the ordinary appartment yield in Beijing is lower,an appartment sells 1.6 million yuan will rent only 36 thousands per year(yield 2.25%).
and the high end(in your statistic)have a extreamly high Vacancy rate you can't imagine,about 80% of them are empty as my observation.
#4 STEVE HEMINGWAY | August 03, 2010
Rent is determined by tenants actual earned income, which is roughly constant in real terms. Property prices are largely a function of sentiment and availability of credit. The persistent momentum of prices in real estate markets deludes investors into thinking that "income doesn't matter". Of course it does, and since nobody can be cash flow positive on a yield of 2.5% even with the cheapest financing imaginable, then these figures have to predict that high end property in Shanghai and Beijing is on the point of a huge crash.
Of course it might be ten years before we actually see it, and a lot of rich people will take this as evidence that people like me don't know what we are talking about.
#5 BILL COUGHLIN | September 12, 2011
Wow i love these stats
How can i get monthly data to graph beijing and hong kong home price indexs
Chech out th the vancouver market reports
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