What is the prospect of long-term rental of hotel apartments in Shanghai

Many people think that long-term rental apartments are a new concept in the real estate industry. In fact, long-term rental apartments have appeared in China as early as a few years ago. However, in recent years, the central and local governments have introduced favorable policies to promote the institutionalized development of long-term rental apartments, which has gradually made it known to the public.

Long-term rental apartment is a sub-sector of China's third-tier real estate market. Its main operation mode is to decorate and transform by self-sustaining property, renting or buying houses of other owners, and equip them with necessary furniture and appliances, and then rent them out to people with housing needs. Now the imitation of long-term rental apartments has been widely accepted. According to incomplete statistics, the rental market in China has exceeded one trillion yuan, and there is huge room for development, which is one of the reasons why long-term rental apartments have been widely concerned.

firstly, the huge floating population gives birth to the demand for leasing. The number of floating population in China exceeds 2 million, among which young people account for the vast majority. For young people who have just entered the society, the rising housing prices make it difficult for them to afford the huge amount of money to buy a house, so renting a house has become the choice of most people. About 13 million young people solve the housing problem by renting a house. For a city with a net inflow of population like Shanghai, the market space is relatively larger.

Secondly, with the younger tenant group, the rental demand is escalating, and the traditional rental market cannot effectively meet the new needs of tenants. At present, more than 7% of the renters are under the age of 3. Generally, these young people have entered the society for a short time and started to have a relatively stable rental demand. Most of these people grew up under superior conditions and have higher requirements for living, while long-term rental apartments take this as a breakthrough point. In recent years, many brand apartments have been tailored for this group of tenants, and the market response is very good.

Third, the current rental market is mainly second landlords and individual landlords, while the real brand long-term rental apartments are still very small. Generally speaking, there is great room for industry integration in the future. Compared with traditional second landlords and individual landlords, long-term rental apartments are more standardized, more humanized and safer.

As a new concept in the real estate industry, long-term rental apartments have emerged and are becoming an innovative rental service industry. In the housing-based era, buying a house has become a headache for most people, and the emergence of long-term rental apartments has made people see the dawn. Real estate enterprises, which mainly focus on real estate development, have already smelled the new business opportunities of long-term rental apartments in the future. Although the current market recognition is still low and the short-term profit of enterprises is still difficult, a battle of "rushing to the beach" about the early layout of long-term rental apartments is being started.