According to the Shanghai securities news, will the temporary real estate preferential policies introduced in 2008 in response to the financial crisis be terminated by the end of this year as scheduled? An authority inside Shanghai course of study discloses, include accumulation fund inside favourable policy affirmation will stop. Affected by this expected, Shanghai, chengdu and other places property market turnover rose sharply.
"According to the current structure of supply and demand, the government is not worried about the cancellation of preferential policies will seriously affect the property market transactions. But the cancellation should be a gradual process, some policies involving the rigid demand for ordinary commercial housing will be flexible, but some policies conducive to investment will be stopped first. Above personage reveals, average commodity house buys a house to pay only 1% agree duty policy may cancel, accumulation fund and other favourable policy also may stop at this point, the policy that the country sets such as business tax also may stop in the round very much, only partial local taxes kind and credit policy are put in the likelihood of small fine tuning.
Experts said the expected expiration of preferential policies contributed to the high volume.
In the past week, the volume of commercial residential buildings in Shanghai surged by 51.44 percent to 513,700 square meters, the highest level in 17 weeks, and the transaction volume directly returned to the June level at the peak of the current housing market, according to e-house China ·CRIC system.
As of 18:00 yesterday evening, Shanghai 26 new housing transactions reached 1130 sets, becoming another thousand set transaction day. "It is normal for the daily transaction volume in Shanghai to be around 500 sets. This phenomenon of daily transaction exceeding 1,000 sets occurs frequently, which is not sustainable for the real estate market." Shanghai a large housing enterprise told reporters.
In Beijing, according to Beijing centaline real estate executives, "due to the expectation that the policy will soon expire, the transaction volume has not dropped significantly in the near future. Can foresee, to the beginning of next year, the volume decline will be reflected more obviously.
Chengdu respect, institution of old and well-known family offers data to show to this newspaper, up to now, the commodity house of chengdu October clinches a deal the area 865,000 square metre. According to this situation, October will exceed the volume of September, a new high turnover this year. In a new development, chengdu's property prices, which did not surge in the first half of the year, have been climbing since September. "At present, the average transaction price in the main urban area is around 6,300 yuan, nearly 1,000 yuan more than at the beginning of the year. Most have risen in the past month. Family institutions analyst fan bangyong said.
At the end of 2008, the general office of the state council issued several opinions on promoting the healthy development of the real estate market. Since then, dozens of local governments in Shanghai, Beijing and other large and medium-sized cities have also introduced incentive policies within the scope of local authorities such as local taxes. It is understood that the deadline for almost all preferential policies is locked in December 31, 2009.
"If the preferential policies stop, the cost of some second-hand housing transactions may be tens of thousands of yuan more." The broker of a surname zheng of Beijing zhongyuan house property introduces, with a total price the average commodity house of 2 million yuan is calculated, press preferential period policy, its sell can avoid pay business tax. But once the discount ends, the business tax will be paid at 5.5% of the difference. (editor qiu jiang, journalist yu bingbing)
