2022-05-29

Chinese Cities Now Subsidizing Home Buying

Boom-bust cycle is all that's left in China.

iFeng: 多地以财政补贴提振楼市:购房最高补贴房款2%,契税全免

Taking Yiwu, Zhejiang as an example, on May 26, the Office of the Leading Group for the Steady and Healthy Development of the Yiwu Real Estate Market issued the "Implementation Rules for Yiwu Deed Tax Subsidy for House Purchase in 2022". The detailed rules stipulate that the purchased house is a commercial house that has obtained a commercial house pre-sale license in Yiwu City, and the citizens who sign the commercial house sales contract online from now until December 31 can receive a deed tax subsidy ranging from 60% to 100%. .

Among them, from now until September 30, the first set of commercial housing will be subsidized according to 100% of the local retained part of the deed tax paid; the purchase of two or more sets of commercial housing will be subsidized by 80% of the local retained part of the deed tax paid. During the period from October 1st to December 31st, for the purchase of the first set of commercial housing, 80% of the local retained part of the deed tax paid will be subsidized; for the purchase of two or more sets of commercial housing, 60% of the local retained part of the deed tax paid will be subsidized subsidy.

Taiyuan in Shanxi also issued a similar policy. Taiyuan stipulates that from May 20, 2022, the first housing area of ​​less than 90 square meters will be fully subsidized by the finance deed tax. The first set of housing with an area of ​​90-143 square meters (inclusive) shall pay the deed tax by 80% of the financial subsidy, and the deed tax shall be paid by 50% of the financial subsidy for the area of ​​more than 143 square meters.

1 comment:

  1. Can a baziou buy? What are the rules? Asking for a friend.

    ReplyDelete