Is housing vacancy rate tall?

In judging whether the real estate market is healthy or not, the ratio of house price to income and the ratio of house rent to sale are usually cited more. In fact, the housing vacancy rate is also a very important indicator. As a weather vane of market supply and demand, vacancy rate reflects the gap between effective market supply and effective market demand. High vacancy rate is considered as a risk, because it shows that the unreasonable or unreasonable housing investment ratio is too high, and the property market bubble looms, which distorts the relationship between housing supply and demand, aggravates the imbalance between supply and demand in the real estate market, and leads to the waste of housing resources.

According to internationally recognized knowledge,

The vacancy rate of commercial housing is between 5%- 10%, which is a reasonable area for the balance of supply and demand; The vacancy rate is 10%-20%, indicating that measures should be taken to increase the sales of commercial housing. The vacancy rate above 20% is a serious backlog of commercial housing. For the long-term high housing prices in China property market, the data of residential vacancy rate has another meaning. The booming sales of commercial housing and soaring prices, accompanied by the high vacancy rate of housing, generally mean that there is a strong speculative atmosphere in the property market, and it is necessary to curb speculation by collecting property retention tax and other measures. At the same time, the transparency of residential vacancy rate data has a direct effect on curbing the excessive rise of housing prices. The opacity of supply information often causes panic among buyers, and vacancy rate data is a good medicine to deal with panic.