Xi'an implements "N+1" rental model: Living room partition compliance increases supply

Xi'an implements "N+1" rental model: Living room partition compliance increases supply

introduction

Recently, the Xi'an Municipal Housing and Urban-Rural Development Bureau issued new regulations, officially implementing the "N+1" rental model, allowing the living room to be compliantly divided into separate rooms to increase the supply of rental housing. This policy has sparked widespread discussion and has become one of the hot topics on the Internet in the past 10 days. This article will comprehensively analyze this hot event for you from the aspects of policy background, implementation details, market reactions and data comparison.

Policy background

As Xi'an's population continues to grow, the contradiction between housing supply and demand is becoming increasingly prominent. According to statistics, Xi'an's permanent population exceeded 13 million in 2023, with an average annual demand for renting about 150,000 units, while the market supply can only meet 60%. In order to alleviate this pressure, Xi'an City has learned from the experience of cities such as Shanghai and Guangzhou to launch the "N+1" rental model.

Core content of policy

1. Allows the conversion of the living room that meets the criteria into a separate bedroom (i.e. "+1" in "N+1")
2. The transformation needs to meet:
- Minimum usable area ≥5㎡
- With natural lighting and ventilation
- No damage to the load-bearing structure
3. Up to 1 partition is allowed per residence
4. You need to file with the housing and construction department and obtain a renovation license

Market reaction

According to online public opinion monitoring, the number of related topics discussed in the past 10 days has reached 128,000, and the main views are distributed as follows:

Forecast on rent impact

Industry experts analyzed that the following changes may occur after the policy is implemented:

Supporting management measures

In order to prevent the policy from being abused, Xi'an simultaneously issued supporting management regulations:
1. Establish a "housing rental supervision service platform", and all renovated housing sources must be registered and registered
2. Carry out joint law enforcement inspections at least once a quarter
3. Set up a special line for complaints and reporting, and accept reports of illegal modifications 24 hours a day
4. A maximum fine of 100,000 yuan will be imposed on the violation intermediary

Comparison of experience in other cities

Data from cities that have implemented similar policies show:

Conclusion

The launch of Xi'an's "N+1" rental model is an important attempt to deal with the contradiction between housing supply and demand. Whether the policy can achieve the expected results lies in the intensity of implementation and subsequent supervision. Judging from the experience of other cities, this policy can indeed increase supply and stabilize rents, but at the same time, it also needs to prevent possible chaos in group rentals. The next six months will be a critical period for policy effectiveness observation, and market reactions deserve continued attention.

Note:The data in this article comes from public reports of housing and construction departments in various places, online public opinion monitoring platforms and industry research institutions, and the statistical period is from December 1 to 10, 2023.