Location has always been regarded as a factor in buying a home, however, a Shanghainese who has bought a property in Changzhou has brought us a new way of thinking.
His home buying experience spans multiple cities in Jiangsu, and he has observed and experienced the ups and downs of the real estate market.
When investing, don't get too obsessed with the city center," he candidly shared. "Bigger is not a good choice either. ”
In Changzhou, for example, the urban area has gradually become a gathering place for elderly Changzhouers, while young people and migrants are more inclined to choose new districts and suburbs.
This change has made renting out homes in urban areas quite challenging.
He mentioned that he had a hardcover one-bedroom apartment in downtown Changzhou, and it was still difficult to find tenants after half a year of price reduction, and in the past, such houses were often in short supply, and they were vacated in the morning and rented in the afternoon.
However, in new districts and suburbs, the situation is very different.
With the influx of migrants, especially in areas close to industrial parks, the housing rental market is extremely active.
There are more jobs here, and business is up," he said, "and people naturally want to gather here." ”
Of course, each city has its own uniqueness.
Although Shanghai has been relocated and its population has declined in some areas, it has remained dynamic due to the diversification of industries and the large number of migrant workers.
The Shanghai-based investor's insights remind us that buying a home isn't just an investment, it's an art.
When choosing a location, a number of factors need to be considered, including population mobility, industrial development, and convenience of living.
After all, every city has its own story and rhythm, and successful investors are the ones who can listen and read those stories.
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