The Affordability of Rental Housing in Beijing
For a long time, China's rental housing market has been severely marginalized. The 13th Five-Year Plan clearly proposes to establish a housing system that combines rent and purchase, highlighting the characteristics of returning housing to "residential properties". The housing leasing market has become a research hotspot, and the affordability of residents' rental housing is the key to pricing and policy formulation of rental housing.
This article takes this as an entry point, and combines the affordable rental housing with commercial rental housing as the research subject. We use the rental data of 179 public rental housing communities and 5,980 market-rental housing communities in Beijing, and using the household consumption expenditure data of the Beijing Statistical Yearbook (2014-2016), we evaluate the household disposable income and minimum non-housing consumption of people with different income levels.
Based on the indicators such as the proportion of housing subsidies, the per capita maximum rental housing affordability can be calculated and a rental housing affordability index created to assess the levels of payability of different groups of people. In addition, combined with the current supply situation of the rental housing market, using the Kriging interpolation method and the nuclear density estimation model of geographic information system (GIS) software, the spatial characteristics of residents' affordability are analyzed, and the existing rental housing in Beijing is matched with the residential housing affordability.