A Study On Financial Factors Of Rent Price Fluctuation In Long-Term Rental Apartment Of Chengdu

With the increase of people's income level,the urban floating population has continuously improved the quality of housing rental,and with the rapid development of China's economy,the traditional real estate industry has gradually changed from incremental market to stock market.The Long-term rental apartments are concerned by the government,businesses and residents.The central government has introduced a series of policies and regulations around “establishing a housing system with both rent and purchase” in order to improve and resolve the contradiction of housing needs in the current society since 2016.The floating population of Chengdu has reached 6,219,900 in 2017.With the introduction purchase restriction policies,housing conflicts have been intensified.Starting from this moment,the Long-term rental apartment industry in line with the trend of the times and the policy of renting and selling,which has been popular with the investment institutions.Capital has rushed into the long-rent apartment market in Chengdu with the support of many favorable policies,which has aroused widespread concern and discussion.This article takes the rent price of Chengdu long-term rental apartment as the research object,using the Chengdu Statistical Yearbook,the database and the data released continuously by the National Bureau of Statistics to explore the relationship between the rental price fluctuations of long-rent apartments in Chengdu and its financial influencing factors,in order to guide the healthy development of the long-rent long-rent apartment industry in Chengdu by VAR model.Finally,we will provide a certain reference for the goal of “staying and not speculating”.The result shows that,firstly,the long-term rental apartments in Chengdu have a relatively short development time and high barriers to entry.What's more,the long-term rental apartment companies prefer to develop large-capital concentrated long-term rental apartments.In addition,the financing channels of long-term apartment companies are mainly financed by financial institutions such as banks,and under the strict conditions of bank lending audits,it is difficult for enterprises to obtain sufficient working capital from financial institutions.Under the circumstances,the problem of long-term rental apartments is frequent,which is not conducive to the healthy and sustainable development of the long-term rental apartment industry.Secondly,the long-rent apartment rental price,resident disposable income,real estate development investment,inflation rate and money supply factors are the financial factors that cause the rental price of long-term rental apartments in Chengdu.Among them,CP,IR and M2 factors mainly affect the fluctuation of rent price of long-term rental apartments by influencing people's psychological expectations,while IPC and LP mainly affect the rental price through supply and demand in Chengdu.Thirdly,the long-term rental apartment did not fully play a complementary role in housing demand,and residents' psychological expectations are the main factors leading to fluctuations in rental prices of long-term rental apartments.The most people regard long-term rental apartments as investment products.The long-rent apartment financial property dominates people's minds,not their residential properties.Therefore,the Chengdu government department should establish and improve the market supervision system for long-term rental apartments firstly.The government should also explore diversified financing channels,and introduce policies and measures to support the development of long-term rental apartment enterprises to ensure the supply of long-term rental apartment market.In addition,government departments should reduce human intervention in the market,use monetary policy tools with caution,reduce the fluctuation of long-rent apartment rental prices caused by inflation,and leave appropriate space and time for the healthy development of the long-term rental apartment industry.Finally,all the real estate enterprises should shoulder social responsibilities,weaken the financial attributes of housing commodities.Only in this way can the real estate and non-speculation be truly implemented in order to promote the healthy and stable development of the long-rental apartment industry in Chengdu.