Hangzhou, China
Property prices · 2024 · Asia
Property price trend in Hangzhou (2024–2026)
Property comparison — cities in China (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Hangzhou |
|---|---|---|---|---|
| Hangzhou | CNY 52,000 | CNY 36,000 | CNY 5,800 | — |
| Shenzhen | CNY 95,000 | CNY 65,000 | CNY 8,500 | +82.7% |
| Beijing | CNY 92,000 | CNY 55,000 | CNY 9,200 | +76.9% |
| Shanghai | CNY 85,000 | CNY 48,000 | CNY 8,500 | +63.5% |
| Guangzhou | CNY 65,000 | CNY 45,000 | CNY 6,800 | +25% |
| Chengdu | CNY 38,000 | CNY 26,000 | CNY 4,200 | -26.9% |
| Chongqing | CNY 25,000 | CNY 17,000 | CNY 3,200 | -51.9% |
| Wuhan | CNY 22,000 | CNY 15,000 | CNY 3,000 | -57.7% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Hangzhou in 2024?
In Hangzhou, the average price per sqm in the city centre is CNY 52,000, and CNY 36,000 outside the centre (2024 data). Prices have risen 8.2% since 2024.
How much is rent in Hangzhou in 2024?
A 1-bedroom apartment in Hangzhou rents for approximately CNY 5,800 per month in 2024. A 3-bedroom apartment costs around CNY 9,500/month.
Is it better to buy or rent in Hangzhou?
Renting is generally more cost-effective in Hangzhou. The price-to-rent ratio is 37.0x — it would take approximately 37.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.60%.
What are mortgage rates in China in 2024?
The average mortgage rate in China is approximately 4.60% as of 2024. With a price-to-rent ratio of 37.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Hangzhou?
The average property price per square metre in Hangzhou city centre is CNY 52,000 in 2024. Outside the centre, expect to pay around CNY 36,000/sqm.