Since the regulation of the property market, the wedding home buying group has been the main force of the real estate market. The company’s main goal is to provide a comprehensive range of products and services to the market. The survey shows that the traditional concept of purchasing property before marriage is still mainstream, but in the face of high property prices, the unmarried post-80s often have the anxiety of “wanting but not being able to” when buying a home.
High housing prices make people anxious
At the Beijing autumn housing exhibition held not long ago, Xiao Zhang, who was trying to take a shuttle bus to see a project in Tongzhou, told reporters anxiously, “Buying a house is the most important thing for me this year. I’m 32 years old, and I’ve been talking about marriage with my girlfriend for 3 years, and we’re going to get married next spring, so I can’t delay any longer. The company has been unable to buy a suitable house, either too expensive, or too far away, can not let the mother-in-law know that we have been renting a room to live.”
The survey shows that 67% of respondents in four first-tier cities insist on “buying a house first, then getting married. However, in reality, only 57.9% of married people bought a wedding house before they got married, so “housing before marriage” is more like a pursuit.
While the concept of having a house first and a family later is recognized by most people, it has wavered in the face of increasingly high housing prices. The survey shows that some of the post-80s, who are the main force behind the current housing demand, are starting to compromise. In terms of age, the proportion of the post-80s who insist on “housing before marriage” is the lowest (73.3% for the post-70s, 63.8% for the post-80s and 68.7% for the post-90s). In terms of actual purchasing behavior, although more than 50% of both the post-70s and post-80s bought a house before marriage, the proportion of post-80s who still haven’t bought a house after marriage is 10.2 percentage points higher than that of post-70s.
When interviewed by the reporter, Shu Kexin, a representative of well-known home buyers, said the primary reason for the unmarried post-80s to suffer from wedding house anxiety is the high price of housing, and many of them have to look at the house and sigh “they can’t afford it” because they have not worked long and have limited financial capacity.
Survey shows that 83.7% of the respondents think that “housing prices are unacceptably high”, of which 62.1% think that the current housing prices are “very high and totally unacceptable”; less than 20% of the respondents think that the current housing prices are acceptable. The proportion of respondents who think current housing prices are acceptable is less than 20%. In terms of city distribution, Shenzhen has the highest percentage of respondents who think current prices are “unacceptable” at 90.4%, followed by Beijing at 84.2%, and Guangzhou and Shanghai at about the same percentage.
High rents make renting a house for marriage unacceptable
The survey shows that most respondents think that a wedding house with a total price of about 800,000 yuan is within the acceptable range. However, in Shenzhen, Guangzhou, Beijing and Shanghai, the current average price of new homes is basically around 20,000 per square meter. Most post-80s home buyers can only buy small one- to two-bedroom homes, and many more have to sigh in disbelief that less than half of them can get married in the wedding house they bought.
In the game of traditional concepts and actual purchasing power, renting a house to get married has become the choice of some people. The survey shows that more than 40% of respondents do not accept renting a room to get married, of which 25.4% said “completely unacceptable”; 16.8% said “relatively unacceptable”; only 12.7% of respondents said “completely acceptable”. Only 12.7% of the respondents said “completely acceptable”. And more than half of the female respondents (50.4%) could not accept renting a room for marriage, and 32.1% of the men were also against it.
“I’ve been renting a room in Beijing for 3 years, and the rent is going up every year, so it’s really unaffordable. I have been living in Wangjing, the first year to rent a one-bedroom only cost 2,300 yuan / month; the second year rose to 3,000 yuan / month; this year, the landlord told me to increase the price, to 3,800 yuan / month, and this is because I am a regular customer to give a preferential price.” The company’s main business is to provide a wide range of services and services to the public.
In fact, renting a house to get married is only a temporary transfer of the huge economic pressure brought by the acquisition of property, and the financial expenses that renters need to bear are still not small, as rounds of higher prices have also driven up the rent. The survey shows that among families who get married in a rented house, an average of 27.2% of the total monthly household income has to be taken out to pay the rent. In other words, in a first-tier city like Beijing, Guangzhou and Shenzhen, assuming a monthly family income of 10,000 yuan, you need to take out 2,720 yuan a month to pay the rent, which is still a lot of money for a young couple. In this case, it is better to rent than to buy, which is the idea of some people who need a wedding house.
More post-80s favor buying a new house to get married
Renting a house to get married is, after all, a transitional equity plan, and purchasing a wedding house has been included in the planning of many newlyweds. The survey shows that 29.4% of those who did not buy a house after marriage plan to buy a wedding house within two years, and even 11.2% of unmarried people also plan to buy a wedding house within two years. In the choice of wedding house people prefer to buy a new house, and less than 20% of respondents plan to buy a second-hand house.
So are homebuyers prepared for the upcoming financial pressure? The survey shows that among those who plan to buy a wedding house, the total acceptable house price is on average 13.4 times the couple’s annual income, which means that people can afford a house price to income ratio of 13.4:1. The survey found that among those who have purchased a wedding house, 34.5% of the surveyed households have a house price to income ratio of more than 20:1, while the internationally accepted acceptable house price to income ratio is about 6:1 to 10:1. From the In reality, the monthly mortgage payments for young couples who have purchased homes in North China, Guangzhou and Shenzhen have accounted for 41.6% of their monthly income.
The survey shows that the financial pressure of purchasing a house is mainly borne by the male partner, whether it is a full payment or a loan to purchase a house, the male partner and the male family are the party who contributes more. At the same time, men have more say in the ownership of the property. In this survey, 80.3% of the surveyed families who have purchased a marital home have the man’s name written on the property certificate, and only 30% have the woman’s name written on the property certificate. However, as the economic status of women has increased, the proportion of family properties in the wife’s name has gradually increased. The data shows that in 2007, 23.8% of household properties were registered in the wife’s name, while in 2011, this percentage rose to 32.5%.
Gu Yunchang, vice president of the China Real Estate Research Association, told reporters that wedding home buyers have always been a group of people in the real estate market who just need a home, and this group is not only a potential home buyer, but also a group of people who are more sensitive to housing prices. The company’s main goal is to provide a comprehensive range of products and services to the market.