Property tax rule pushing up cost of renting

China Daily, February 12, 2011

The government's latest property rules are providing extra impetus for rent increases in many Chinese cities, according to a survey conducted by China Youth Daily.

In the survey, 81.6 percent of the 4,060 respondents interviewed said they "are suffering from the increase in rents". Among them, 34.8 percent said their quality of life has been "greatly affected by the increase".

The respondents came from 31 different cities across the country, and nearly 70 percent of them were born in the 1980s.

Not surprisingly, those renting a home in big cities like Shanghai and Beijing were being hit the hardest.

On Jan. 28, the Shanghai municipal government introduced the first ever property tax on buyers of second homes. The tax was the latest in a series of measures adopted by the central government in the hopes of reining in soaring property prices. The changes have also included restrictions on the number of homes that can be bought and an increase in the minimum down payments required for purchases of second homes.

And the efforts are not confined to Shanghai. Chongqing municipality has also introduced a property tax.

"House rent has increased by 20 percent since mid-2010, and has climbed to a historic high level," said Li Yongzhe, a real estate agent of Gucheng Agency in Shanghai.

"The government's tightening policy has scared away many potential buyers," said Li. "Instead of rushing to buy homes, many have chosen to rent."

That trend, he and other property agents said, has greatly driven up the demand for rental properties in Shanghai.

Shu Wei, a 24-year-old computer engineer from central China's Hunan Province who is now working in Shanghai, is thinking about moving to a remoter place in the city because he can't afford the rising cost of rent, even though he is sharing a two-bedroom apartment with two other people.

"I wouldn't even think of buying a house in Shanghai now," Shu said. "But housing issues have still become a burden for me."

Xue Jianxiong, an analyst with the China Real Estate Information Corporation, said landlords in recent years have charged rents that have been too low to cover the cost of investing in rental properties. Landlords are now trying to make up for those losses, as well as trying to ensure that their incomes keep pace with the rising cost of living.

"In the past several years, property prices have not been the only thing that has jumped; commodity prices have undergone a huge increase as well," he said. "Besides, the introduction of the property tax is also adding to the cost of property investment, and landlords are very likely to transfer all of the new costs to tenants."

He Yongfang, a landlord in Shanghai, agreed with Xue's opinion. She said that, while recently signing a contract with a tenant, she raised the rent she charges by 10 percent.

"The price of everything is inflating," said the 53-year-old housewife. "So it's reasonable that I increase my income a little bit."

主站蜘蛛池模板: 自拍偷自拍亚洲精品播放 | 日本不卡中文字幕| 亚洲国产日韩在线| 熟女老女人的网站| 免费黄色软件下载| 老司机午夜在线视频免费| 国产又爽又黄无码无遮挡在线观看 | 国产精品白丝av嫩草影院| 9lporm自拍视频区在线| 小sao货求辱骂| 中文字幕人成人乱码亚洲电影| 日本精品久久久久护士| 么公又大又硬又粗又爽视频| 欧美在线观看网址| 亚洲欧美日韩综合一区| 激情小说亚洲图片| 全免费A级毛片免费看网站| 网红鹿女神厨房被饥渴的| 无遮无挡非常色的视频免费| 亚洲AV网址在线观看| 欧美大香线蕉线伊人图片| 亚洲欧美日韩国产精品一区二区| 特级淫片aaaa**毛片| 免费一级毛片在线播放| 精品久久久久香蕉网| 厨房切底征服岳完整版| 舌头伸进去里面吃小豆豆| 国产一级片播放| 被按摩的人妻中文字幕| 国产免费av片在线观看| 香港aa三级久久三级不卡| 国产成人涩涩涩视频在线观看| 日本人强jizzjizz老| 国产欧美日韩综合精品一区二区| 女人18毛片水真多国产| 国产精品毛片大码女人| 91亚洲欧美国产制服动漫| 国产鲁鲁视频在线播放| 91视频完整版高清| 国产色无码精品视频国产| 8天堂资源在线|