The government is determined to Chinese restructuring of the real estate market

Recently, Chinese Prime Minister Li Keqiang said that the country will be the new real estate tax policy, a tight, in order to control the real estate market (bs).

In two to ten years, from 1998 to the present, the price of the house in the Chinese constantly upgrade". Although the government has some restrictions, but then quickly relax, the body began to become more and more serious.

However, Chinese officials are trying to do the most powerful force, and Chinese President Xi Jinping personally led to your actions, gradually change the thinking to be is one of the safest assets, people China.

The real China bs state

In 2014 and 2016, the house prices in Shenzhen where there are 120 thousand people living in 150% increased, forcing local officials to control measures. However, these methods did not play a role when people still maintain "confidence" bs permanent value.

For example, in order to avoid the rules prohibit the purchase of second in some city, many couples to fake divorce two eligible to buy apartments.

Chinese bs

China determination reorganization in the market price of bs landscape constantly upgrade"

In 2017, when the China government announced the establishment of a special economic zone in Hebei Province or the same east of Shenzhen (Shanghai), people are concerned about the landing area, the tent for the night in the center of bs a week agent. This situation led to the temporary solution is to stop all trading bs here.

What is the latest?

Your president Xi Jinping revealed, Chinese decided to reshuffle the market bs, began a reminder that a house is a place to live, no insurance or head. In the whole country, all apartment building projects are advancing, in Beijing a try in shared Sims and government ".

In addition, Chinese officials promised to allow developers to use bs funds belong to the collective land, the government in rural areas, if the establishment of the suburban apartment project.

Whether or not to play a role?

The measures to promote the bs apartment market development in China, there is still many arguments left direction. According to some experts, this measure affects only a modest, some assessment of these effects have been confirmed, there is a tendency but some positive comments certainly not a long-term solution.

"Cheap apartments just continue to create more pressure on prices, because it makes Chinese younger generation than savings to buy a house for myself," Nicole Wong, CLSA said in the company strategy.

At the same time, the real estate expert Zhu Jin in the East Securities shrinkage calculation, increase the supply of apartments about 30% will attract potential customers to buy a house in Shanghai, 10% in Beijing to buy a house, the trade was repulsed, during this period of time after 5 years. It is difficult to predict the trend of the market price of the house in China.