Housing market bubbles in six major cities such as Beijing, Shenzhen and Shanghai

In a series of data reports released yesterday by the Ministry of Land, the business reported that the concept of "rent ratio" was mentioned for the first time, so that the residential market in Beijing, Shanghai, Shenzhen, Tianjin, Hangzhou and Qingdao had already appeared a serious bubble.　　Previously, the index has been confined to the internal evaluation of the Ministry of Land use. The relevant responsible person in the Ministry of Homeland explained that the rent ratio is the most sensitive judgment index of real estate investment income, and also an important reference for measuring the health of real estate market. A house's rent ratio = rental price (one year)/price (excluding decoration and tax).　　If this ratio is less than 4.5%, it means there is a bubble in the region and if the ratio is above 5.5%, there is room for appreciation. And the land Ministry is based on the national urban Land price dynamic monitoring system, continuous tracking of the typical cities such as Beijing and Shenzhen, the price ratio of various types of property, the trend shows that in the past 5 years due to the imbalance between supply and demand for sales prices relative to rent levels of the excessive rise, residential and commercial properties of rents than the overall trend of decline, of which residential property since 2008 , the focus on monitoring the city began to appear gradually bubble trend, until after last year's soaring, the bubble spread to all major monitoring cities.