The Development History of International Housing Rental Market and Implication for China

Abstract

Since the industrial revolution in the 18th century, under the background of different historical stages, this study chose the representative typical regions or countries of that period to analyze the origin, background and policy process of the development of the rental housing market. From the perspective of time evolution, it presents the “epitome” of the development of the rental housing market in each region under different stages of social development. Based on the perspective of international comparison, this paper summarized the general rules of the development of international rental housing market, with a view to forming useful experience and inspiration for the development of China’s housing rental market. At present, China’s housing rental market is under construction, and in the process of development, it is necessary to focus on balancing three pairs of relationships, namely, the relationship between foreign experience and domestic reality, the relationship between social market and the government, and the relationship between housing and people􀆳s livelihood. In this regard, it is recommended that the top-level policy design of policies for the housing rental market in line with the national conditions be accelerated and supporting measures be improved; the synergistic development of government-subsidized rental housing and market-oriented rental housing be strengthened, and the responsibility of employers be brought into play; and the housing rental market be in accordance with city-specific policies to meet the housing needs of different types of citizens.