US EUROPE AFRICA ASIA April 18, 2014
 
Status: Ongoing  2013-03-04 00:00 ~ 2023-04-04 00:00

Will heavy tax stem rising house prices?

China's Cabinet issued one of its sternest measures yet on Friday to rein in soaring house prices in major cities. The new rule will require that homeowners pay up to 20 percent tax on any profit they make from selling their second home. Do you think the new policy will help reduce the cost  of housing?



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Heavy tax to rein in housing speculation

Yes. The tax hike will curb second home purchases and hit speculative buying in the property market.

  28%

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No. It will reduce the supply of secondhand houses and drive prices up.

  72%

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