According to the National Bureau of Statistics, the number of people prefers the best location foe wealth. A wealth intelligence firm predicts that the wealth asset will be increases by the count of 95000 in the next ten years. In addition, they said that it is expected, that more and more people will able to purchase real estate in the famous housing market in the world. The demand of the assets is increasing continuously and the availability of the places remained same. There are so many luxury properties available in the different places of the world, but the china is the leading housing market in the world.
In 2012, Shanghai picks up the growth in this business. They increase their rates by 10.8%. However, the houses in Shanghai are already 45 percent more than the salary of the average resident. This was worried fact for the financial expert and the Chinese government too. Then government solves this issue by applying the 20% capital tax on the profit made on the house sale. Now, they sale the estate in the square foot range and because of the above condition the Shanghai considered as most expensive housing market.
There are so many factors are responsible for the rising rates of the marketplace. The most important reason is that there is limited access to the foreign investment. This is the result for the increasing in the domestic investments like land.
Recently, the 2014 government said that china shifting rhetoric business. They publish on the Monday that is “Some cities may see a trial of property tax customized according to local conditions, but the property tax's national-roll out is still in the distant future, not least because of the technical issues to establish a nation-wide property ownership information system,”
This is all about the housing facilities in china, now it is easy to get house in the most expensive place in the world.
In 2012, Shanghai picks up the growth in this business. They increase their rates by 10.8%. However, the houses in Shanghai are already 45 percent more than the salary of the average resident. This was worried fact for the financial expert and the Chinese government too. Then government solves this issue by applying the 20% capital tax on the profit made on the house sale. Now, they sale the estate in the square foot range and because of the above condition the Shanghai considered as most expensive housing market.
There are so many factors are responsible for the rising rates of the marketplace. The most important reason is that there is limited access to the foreign investment. This is the result for the increasing in the domestic investments like land.
Recently, the 2014 government said that china shifting rhetoric business. They publish on the Monday that is “Some cities may see a trial of property tax customized according to local conditions, but the property tax's national-roll out is still in the distant future, not least because of the technical issues to establish a nation-wide property ownership information system,”
This is all about the housing facilities in china, now it is easy to get house in the most expensive place in the world.
No comments:
Post a Comment