The real estate tax was postponed to expand the pilot project. What is the current situation of the real estate market?

The current situation of the real estate market has picked up, but in many places, house prices are still falling by about 10%~20%.

With the general decline in housing prices in major cities across the country, housing prices in many third-and fourth-tier cities have fallen by more than 20%. In order to further control the stable development of the real estate market, many cities have introduced a series of real estate measures. After that, the concept of real estate tax has further become a topic of concern. Although many people speculate that the real estate tax will be officially implemented in 2022, the specific implementation process of the real estate tax will be suspended, and we will pay more attention to the real estate market regulation of the city itself.

First, suspend the pilot expansion of real estate tax.

Following the pilot project of real estate tax in Chongqing and Shanghai, the pilot project of real estate tax in other cities in China was suspended, which means that the real estate tax may not be formally implemented in 2022. The reason for this situation is mainly because the real estate market in all parts of the country is unstable, and the operating conditions of real estate enterprises in some places are also difficult. We need to further stabilize the real estate market.

Second, the current situation of the real estate market is not ideal.

Although the real estate market in many cities has picked up, the citizens' willingness to buy houses is not strong, and many real estate enterprises are under great debt pressure. It is also for this reason that I personally think that the real estate market in many places is not ideal, which will further increase the pressure on local real estate management.

Third, I personally feel that the real estate tax cannot be introduced immediately.

The reason for this is mainly because the introduction of real estate tax will greatly suppress the real estate market. In the case that the real estate market itself is relatively depressed, we need to take further stabilization measures to make the real estate bubble land smoothly in this way. Although the real estate tax is a very good measure, we need to treat the implementation of the real estate tax with a more cautious attitude, thus effectively ensuring the stable development of the real estate market.