ArticleOpen Access http://dx.doi.org/10.26855/jhass.2023.07.013
Cooling China’s Real Estate Market—Balancing the Development of the Sales Market and the Rental Market
Jingxuan Wang
Beijing Forestry University, Beijing, China.
*Corresponding author: Jingxuan Wang
Published: August 22,2023
Abstract
Fake divorce reflects Chinese residents' enthusiasm for second home investment. In recent years, the government has introduced a series of purchase restriction policies, but enthusiasm for home ownership has remained unabated. Studies have shown that the real property tax on second homes has had a limited effect in dampening the real estate investment fever in the Chinese market. Based on the linkage between the rental market and the home purchase market, China has begun to explore the development of the rental market to take advantage of the synergy between the two markets to achieve stable growth in the real estate market. With the development of the rental market, where will the real estate market go? This paper explores the reasons for the slow development of the rental market in the past by analyzing the institutions and the system itself, and also provides an outlook on the future development of the rental market.
Keywords
Real estate market, housing policy, rental market
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How to cite this paper
Cooling China’s Real Estate Market—Balancing the Development of the Sales Market and the Rental Market
How to cite this paper: Jingxuan Wang. (2023) Cooling China’s Real Estate Market—Balancing the Development of the Sales Market and the Rental Market. Journal of Humanities, Arts and Social Science, 7(7), 1316-1319.
DOI: http://dx.doi.org/10.26855/jhass.2023.07.013