Wuhan, China
Property prices · 2024 · Asia
Property price trend in Wuhan (2024–2026)
Property comparison — cities in China (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Wuhan |
|---|---|---|---|---|
| Wuhan | CNY 22,000 | CNY 15,000 | CNY 3,000 | — |
| Shenzhen | CNY 95,000 | CNY 65,000 | CNY 8,500 | +331.8% |
| Beijing | CNY 92,000 | CNY 55,000 | CNY 9,200 | +318.2% |
| Shanghai | CNY 85,000 | CNY 48,000 | CNY 8,500 | +286.4% |
| Guangzhou | CNY 65,000 | CNY 45,000 | CNY 6,800 | +195.5% |
| Hangzhou | CNY 52,000 | CNY 36,000 | CNY 5,800 | +136.4% |
| Chengdu | CNY 38,000 | CNY 26,000 | CNY 4,200 | +72.7% |
| Chongqing | CNY 25,000 | CNY 17,000 | CNY 3,200 | +13.6% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Wuhan in 2024?
In Wuhan, the average price per sqm in the city centre is CNY 22,000, and CNY 15,000 outside the centre (2024 data). Prices have risen 8.2% since 2024.
How much is rent in Wuhan in 2024?
A 1-bedroom apartment in Wuhan rents for approximately CNY 3,000 per month in 2024. A 3-bedroom apartment costs around CNY 4,900/month.
Is it better to buy or rent in Wuhan?
Renting is generally more cost-effective in Wuhan. The price-to-rent ratio is 30.0x — it would take approximately 30.0 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 30.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Wuhan?
The average property price per square metre in Wuhan city centre is CNY 22,000 in 2024. Outside the centre, expect to pay around CNY 15,000/sqm.