The signal of accelerating the real estate tax is obvious. What impact will real estate tax have on housing prices?

The real estate tax has been discussed in China for many years since it was put forward, but it has not been implemented for a long time. In fact, in the west, the last few countries have carried out property tax for many years, mainly a kind of property tax, which taxes personal property. In China, personal property is basically not taxed, so now the state needs to formulate corresponding property tax, and China's most important wealth is fixed in the real estate market, so the state will levy taxes through real estate tax. The implementation of real estate tax will inevitably have a certain impact on housing prices, and then mainly depends on the impact.

First, real estate speculators reduce real estate speculation. After the introduction of real estate tax, if they continue to speculate in real estate, they will face the situation that multiple suites need to pay taxes, so the cost of holding houses will rise. In this case, the house will not have much investment value, so the real estate speculators will reduce the number of houses they hold.

Therefore, for most real estate speculators, they may rent or sell their own houses, which is beneficial to the real estate market.

Second, it does not have much impact on families who just need it. The real estate tax does not have much impact on families who just need it, because they definitely have to live in several rooms after buying a house. Even if they have to pay a certain tax, they still have to bear the cost, because they only have one or two houses, which are only enough for basic living.

Therefore, for those who just need it, the implementation of real estate tax may increase their burden to a certain extent, but it will give tax incentives to those who hold fewer houses, so it will have little impact on them.

Third, it will have a squeezing effect on housing prices. For the current housing price, there is a certain bubble in most cities in China, because the ratio of income to housing price is very exaggerated now, and most cities can only afford to buy a house after working for decades. Therefore, according to the current real estate, there is a certain bubble, and some bubbles can be squeezed by implementing real estate tax. Part of returning the house to its normal value. But now it is impossible to completely return the house to its original value, so the current real estate tax owners only play a certain role in stabilizing housing prices.