Shenzhen house price Soaring rental return low cost to recover 40 years

Xinhua Beijing, January 7, according to the Hong Kong Wen Wei Hui from Shenzhen, reported that although the financial tsunami on the economic impact is still continuing, but the Shenzhen property market last year reached a peak, one or two hand building annual average price rose 80%.　　The contrast with the price of high-rise buildings, Shenzhen, housing prices and rent further departure, rental of a commercial housing at least 40 years to recover costs, excluding speculative elements, investment value has been basically lost. In 2007, when it was thought that the real estate market had soared, the average Shenzhen rose by about 30%. On the basis of a small decline in 2008, the 2009 climbed again, the one or two-hand building annual average price rose 80%, last December, the average prices are more than 22,300 per square meter.　　And high-rise prices formed a strong contrast is that the rental rate of commercial housing in Shenzhen is far lower than Beijing, Shanghai, Guangzhou and other cities of the level. According to the Shenzhen City rental housing Comprehensive Management Office survey, at present, the Shenzhen housing rental ratio has exceeded 1:400, some 1:500 or even higher, meaning that rental of such a commercial housing at least 40 years to recover costs, far higher than 1:200 to 1:300 international standards, experts pointed out that　　Apart from speculative elements, the investment value of Shenzhen housing has been basically lost. Shenzhen Zhongyuan Real Estate general manager Li Yaozhi said, Shenzhen last year investors reached 30% to 40%, they are only optimistic about the future appreciation of Shenzhen property potential, and did not expect the return on rent. Most of these investors are financially strong, with a one-time payment without a loan.