For some second-tier cities, especially some central provincial capital cities, we need to be extra careful. Because the housing prices in these places are quite different from the local economic development level, once the property tax is introduced, the local housing prices may directly drop or even collapse. Even if it is serious, many people will be unable to repay their loans, resulting in a large number of bad debts of banks, which is also very problematic for the development of the local banking industry.
Therefore, for these cities, we should first give an expectation of property tax, and then slowly implement it. If the implementation is too fast, it will be very unfavorable to the development of the local property market. We must know that the price of land acquisition by real estate enterprises earlier is very high. Once the house price falls and exceeds the land acquisition price at that time, the pressure on housing enterprises will be great. Some warn that real estate enterprises may go bankrupt and real estate will be completely rotten.
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When Guan Qingyou, an economist, attended the Golden Kirin Forum, he said that the property tax should not be pushed quickly in China. In fact, property tax has not changed the running trend of housing prices, nor was it introduced to suppress housing prices or freeze the real estate market. It is estimated that there is still a long time to levy property tax in China, and there is no definite timetable for individuals. Even if a large-scale property tax is levied, such as in many areas, its main purpose is to adjust the fiscal and taxation relationship between the central and local governments, rather than suppressing housing prices or freezing the real estate market. ? There is no need to panic excessively about the introduction of property tax. ?