Research On China’s Rental Market Price Based On Housing Price-rental Ratio

Rental market plays an important role in housing market. Housing price-rental Ratio, which indicates the return on the housing market, if compared with Housing price-wage Ratio, could better measure whether a housing price is healthy. In this article, the internet data, instead of national statistical data, is chosen as the main data sources. The comparison of Wage-rental Ratio in 30 different cities implies very different lifestyles in different cities. The effect of property tax in different kind of cities showed completely difference, which mainly depends on the housing vacancy rate. In a city which is vary attracted to people around it, property tax may mainly reflect with tax effect which means the tax could be transferred to the low-income lessee. And in a city which people tend to leave it, property tax could lower the housing vacancy rate and make housing price more normal which is good for the healthy development of this city’s real estate market.