How much does a courtyard house in Beijing cost? ——The latest market situation analysis in 2024
As an important carrier of Chinese traditional culture, Beijing courtyard houses are not only representatives of historical buildings, but also a benchmark for the high-end real estate market. In recent years, with the increasing awareness of cultural heritage protection and the nature of scarce resources, the price of courtyard houses has continued to rise. This article will combine the hot topics on the Internet in the past 10 days to provide you with a detailed analysis of the latest price trends of Beijing courtyard houses.
1. Core data on prices of courtyard houses in Beijing
| area | Average price (yuan/㎡) | Minimum area (㎡) | Total price range (10,000 yuan) | Transaction popularity |
|---|---|---|---|---|
| Dongcheng District | 180,000-250,000 | 80 | 1,440-6,000 | ★★★★★ |
| Xicheng District | 160,000-220,000 | 100 | 1,600-5,000 | ★★★★☆ |
| Chaoyang District | 120,000-180,000 | 150 | 1,800-3,600 | ★★★☆☆ |
| Haidian District | 100,000-150,000 | 200 | 2,000-4,500 | ★★☆☆☆ |
2. Key factors affecting price
1.geographical location: Prices in core areas within the Second Ring Road (such as Shichahai and Nanluoguxiang) are 3-5 times higher than those outside the Fourth Ring Road.
2.protection level: The trading of courtyard houses listed as cultural relics protection units is restricted, but the market price is at a premium of more than 30%.
3.building condition: The price of a courtyard with its original structure intact is 40-60% higher than that of a renovated one.
4.Nature of property rights: The price of privately owned courtyard houses is about 25% higher than that of unit property rights, and the tradable quantity only accounts for 18% of the total market volume.
3. Recent market trends
1.Dongcheng District Transaction Case: In May 2024, a 380-square-meter courtyard house on Nanchizi Street was sold for 120 million yuan, setting a new quarterly high.
2.policy impact: Beijing’s latest “Regulations on the Protection of Historical and Cultural Districts” has resulted in a 12% decrease in the number of tradable courtyard houses.
3.investment trends: The proportion of international buyers will increase from 8% in 2020 to 23% in 2024, mainly from Singapore and European and American countries.
4. Precautions when purchasing
1. It is necessary to check whether the "House Ownership Certificate" and "Land Use Rights Certificate" are complete.
2. Pay attention to whether the building is included in the list of immovable cultural relics. Renovation restrictions on this type of property are strict.
3. It is recommended to reserve 15-20% of the total house price for repair funds. The daily salary of a professional courtyard repair team is 2,000-3,000 yuan.
4. Be wary of courtyard houses with "divided property rights". There is a risk of disputes over the use rights of such properties.
5. Future Price Forecast
| Time node | expected increase | Main drivers |
|---|---|---|
| End of 2024 | 8-12% | Heritage protection policies tightened |
| 2025 | 15-20% | International buyers continue to pour in |
| 2026-2030 | Average annual 10-15% | The scarcity of cultural assets is highlighted |
Conclusion:As a unique cultural asset, the price of Beijing courtyard houses has far exceeded the standard of ordinary residences. Under the current market environment, the price per square meter of high-quality courtyard houses in core areas is equivalent to 3-4 times that of high-end apartments. For interested buyers, in addition to paying attention to price trends, they also need to have an in-depth understanding of cultural relics protection policies and be prepared to hold them for a long time. According to the latest statistics, there are less than 2,000 tradable courtyard houses in Beijing. This scarcity will continue to push up their market value.
check the details
check the details
en
