Jan 19, 2021 04:28 PM (GMT+8) · EqualOcean
According to the report released by E-House Real Estate Research Institute, in 2020, the price to income ratio of commercial housing in China will be 9.2, slightly higher than 8.7 in 2019. Yang Hongxu, vice president of E-House Research Institute, said that the house price income ratio will reach a new high in 2020, and it is expected to fall slightly in 2021, but it will still be at a high level. The ratio of housing price to income is one of the internationally common indicators to measure whether there is bubble risk in housing prices. According to the report, China's household income is generally underestimated. If the house price to income ratio is higher than 7.5, it belongs to the high region.

This text is a result of machine translation.