Beijing, China
Property prices · 2024 · Asia
Property price trend in Beijing (2024–2026)
Property comparison — cities in China (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Beijing |
|---|---|---|---|---|
| Beijing | CNY 92,000 | CNY 55,000 | CNY 9,200 | — |
| Shenzhen | CNY 95,000 | CNY 65,000 | CNY 8,500 | +3.3% |
| Shanghai | CNY 85,000 | CNY 48,000 | CNY 8,500 | -7.6% |
| Guangzhou | CNY 65,000 | CNY 45,000 | CNY 6,800 | -29.3% |
| Hangzhou | CNY 52,000 | CNY 36,000 | CNY 5,800 | -43.5% |
| Chengdu | CNY 38,000 | CNY 26,000 | CNY 4,200 | -58.7% |
| Chongqing | CNY 25,000 | CNY 17,000 | CNY 3,200 | -72.8% |
| Wuhan | CNY 22,000 | CNY 15,000 | CNY 3,000 | -76.1% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Beijing in 2024?
In Beijing, the average price per sqm in the city centre is CNY 92,000, and CNY 55,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Beijing in 2024?
A 1-bedroom apartment in Beijing rents for approximately CNY 9,200 per month in 2024. A 3-bedroom apartment costs around CNY 18,000/month.
Is it better to buy or rent in Beijing?
Renting is generally more cost-effective in Beijing. The price-to-rent ratio is 40.0x — it would take approximately 40.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.80%.
What are mortgage rates in China in 2024?
The average mortgage rate in China is approximately 4.80% as of 2024. With a price-to-rent ratio of 40.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Beijing?
The average property price per square metre in Beijing city centre is CNY 92,000 in 2024. Outside the centre, expect to pay around CNY 55,000/sqm.