Shanghai, China
Property prices · 2024 · Asia
Property price trend in Shanghai (2024–2026)
Property comparison — cities in China (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Shanghai |
|---|---|---|---|---|
| Shanghai | CNY 85,000 | CNY 48,000 | CNY 8,500 | — |
| Shenzhen | CNY 95,000 | CNY 65,000 | CNY 8,500 | +11.8% |
| Beijing | CNY 92,000 | CNY 55,000 | CNY 9,200 | +8.2% |
| Guangzhou | CNY 65,000 | CNY 45,000 | CNY 6,800 | -23.5% |
| Hangzhou | CNY 52,000 | CNY 36,000 | CNY 5,800 | -38.8% |
| Chengdu | CNY 38,000 | CNY 26,000 | CNY 4,200 | -55.3% |
| Chongqing | CNY 25,000 | CNY 17,000 | CNY 3,200 | -70.6% |
| Wuhan | CNY 22,000 | CNY 15,000 | CNY 3,000 | -74.1% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Shanghai in 2024?
In Shanghai, the average price per sqm in the city centre is CNY 85,000, and CNY 48,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Shanghai in 2024?
A 1-bedroom apartment in Shanghai rents for approximately CNY 8,500 per month in 2024. A 3-bedroom apartment costs around CNY 16,000/month.
Is it better to buy or rent in Shanghai?
Renting is generally more cost-effective in Shanghai. The price-to-rent ratio is 38.0x — it would take approximately 38.0 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 38.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Shanghai?
The average property price per square metre in Shanghai city centre is CNY 85,000 in 2024. Outside the centre, expect to pay around CNY 48,000/sqm.