Real estate tax is difficult to divide the property market regulation to play a combination

Source: Internet
Author: User
Keywords Property market property tax
The expectation of a property tax is becoming clearer.  May 31 announced the State Council forward Development and Reform Commission on the 2010 to deepen the economic reform of the key work of the notice, the "gradual promotion of real estate tax reform" in this year to deepen the fiscal reform of the key content. A tax on the housing sector will have a far-reaching impact on the housing market. Industry insiders believe that the property tax on the property market short-term bearish, but long-term help to curb market bubbles, promote stable health. But on the other hand, the property tax cannot be expected to withstand too much.  Real estate regulation must play a "combination boxing", to ensure that the suppression of speculation, increase supply, accelerate the construction of affordable housing and other measures "multi-pronged", so that the real estate industry and economic, livelihood issues of the relationship back to health benign. Xinhua News agency "Xinhua Viewpoint" reporter Ye Feng, Deng Huaning influence has geometry on the property market short-term bad long-term good Kai Sheng somewhat (Shanghai) Investment Management Co., Ltd. Deputy general manager Zhao Wei said: "Regardless of the tax rate is how much, the target is what, the real estate tax once levied, short-term market is bad, it will increase the cost of housing, The holders will weigh the costs and benefits carefully, and some of the speculators will be forced to sell their homes, which will increase market supply and bring more downward pressure on prices. "And from another angle, the real estate tax will reduce the speculative and irrational elements of the property market, and gradually squeeze out the real estate price bubbles, so that the market will return to the independent demand, improve the demand for the decision of the track to promote long-term stable and healthy housing development." "In the long run, property tax on the property market is positive."  "Zhao Wei said. The long-term positive property tax is also: it is not only focused on the real estate industry's own regulation, but also to regulate the income distribution and improve the local tax system function. Bai Jingming, deputy director of the Treasury Department, said that the current property tax regulations in China is a temporary framework, the real estate tax reform is a gradual process, the next step in the reform of the market economy in accordance with the development and change to improve the real estate tax system;  and adjust the real estate tax system according to the change pattern of income distribution. Zhong, general manager of Nanyang Real Estate China, believes that if the housing sector is taxed, its goal should be to effectively curb excessive speculation and protect the residents ' own consumption needs. Therefore, in the formulation of rules, the rigid demand and speculative demand to distinguish between the fight against speculation can not "hurt innocent."  In addition, the industry also believes that the need to speed up the construction of a unified personal housing information registration system to improve the levy of real estate tax "precision" and "coverage", and to solve the housing price assessment, collection process and other technical issues.  The follow-up to adjust the supply and regulation of the provision of money to reduce prices at present, the housing tax is expected to be clear, the introduction of relevant measures is not far off, this round of property control will add a new policy tool. However, many people in the industry pointed out that the current real estate control situation is still grim, the fundamental problem has not been resolved, can not expect a property tax, the property market "hundred disadvantages" will naturally dissolve。  The key to the property market regulation lies in the land, tax, credit and other aspects of the "combination of boxing", and efforts to promote the construction of affordable housing, supply, so as to truly end the recent years of soaring housing prices, social resources to the real estate industry anomalies, fundamentally solve the problem of real estate has long been First, with the "Regulation of supply" to form a resultant force. With the recent "real estate tax sword" hanging, some of the developers in the wait-and-see to postpone the opening hours, some of which have reached the opening conditions even apply for the pre-sale certificate of the real estate, there is no availability, which indicates the need to further strengthen the market supervision and crackdown on the strength of reluctant, increase real estate supply;  To increase the supply of land at the same time, urge the housing enterprises to start, increasing the expected supply. Second, we must work closely with the "monetary adjustment". Recent stress test reports by major banks suggest banks can withstand falling house prices between 20%~40%.  The current market expectations of a reasonable correction of housing prices are strengthening, at this time the credit channel for speculative investors must be strict card to prevent excessive capital inflows into the property market.  Third, we should vigorously promote the construction of affordable housing. Sheng Chen, Vice President of China Index Research Institute, also believes that the goal of a series of property control measures is not only to curb the rapid growth of housing prices, but also to straighten out the relationship between real estate and the national economy, so that it returns to a healthy and rational development track. Therefore, in addition to reform the real estate tax measures, we should also make efforts to accelerate the adjustment of industrial structure, cultivate new economic growth point, and gradually solve the local "land finance" excessive dependence.  At the same time, the people in the hands of the money where to go, how to promote the property of the masses of the steady growth of income, is also an urgent issue.  ICBC Credit High customers can enjoy 75 percent mortgage report (reporter interpreter correspondent Zhao Yi, Chen Yanshu) yesterday, Industrial and Commercial Bank of China Guangdong branch again on line Guangdong "Voice hotline", the bank's deputy governor Shi revealed that the cancellation of 70 percent home loan concessions, the credibility of a higher level of customers can still enjoy the lowest 75 percent mortgages. After the introduction of the property market regulation policy, ICBC has canceled the first suite 70 percent loan interest rate concession since April, Shi introduced, this adjustment has several aspects. Down payment, the first suite within 90 square meters, down payment minimum requirements 20%, 90 square meters above the down payment must be 30%. On the interest rate, if the down payment is 20% to 30%, you can enjoy a 85 percent discount on the base rate. If the down payment is over 30%, you can enjoy a 80 percent interest rate.  If the customer usually with more business dealings with the bank, the use of more varieties, a higher degree of credit, the lowest can also enjoy 75 percent. Shenzhen May One-bedroom average price chain drop 4% According to the Xinhua Shenzhen Land and real Estate department published statistics show that in May 2010, the Shenzhen City of new merchandise residential sales average of 19653 yuan per square metre, up 56.6% year-on-year, the year-on-year decline of 4%.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.