Sunday, July 15, 2012

The property market downturn triggered by the land transfer - loans

Han Jie of reporter of Xinhua news agency, Liu Zheng, Xu Rui??Ministry of FinanceThe latest data show, first half of the real estate market downturn triggered nationwideLandGranting income acute is decreased, real estate business tax reduction also increased national tax low growth potential, but the past June monthly data began to show signs of warmer.The Ministry of Finance announced the 13 data, the first half of the state-owned land use right transfer income 1143000000000 yuan, down 434200000000 yuan, down 27.5%. In the business tax income, real estate business tax reduction of 18300000000 yuan, down 8.5%.Ministry of Finance official pointed out that the first half of the year, local land transfer income decline, mainly by land transactions dropped significantly influence. Real estate business tax reduction, by commercial housing sales decline in influence.Coincidentally, the stateBureau of Statistics13 released data also confirmed that the real estate market in the doldrums.Data shows, first half of China?s real estate developmentInvestmentGrowth continued to fall, commercial housing sales decline narrowed. Before 6 months, the national real estate development investment 3061000000000 yuan, year-on-year growth of 16.6% name, growth than in the first quarter of 6.9Percentage points, than the same period last year dropped 16.3 percentage points.In addition, the first half of the national commercial housing sales area of 399640000 square meters, down 10%, while year-on-year growth of 12.9%. National commercial housing sales of 2331400000000 yuan, drops 5.2% compared to the same period, for the same period last year growth of 24.1%; residential sales dropped 6.5%.State Statistical Bureau spokesman Sheng Laiyun said that, overall, results of real estate regulation is more obvious, real estate prices in the first half of the year continued last year went posture, speculative demand to get apparent keep within limits, the real estate investment is apparent fall after a rise, but also is one of the more moderate speed.Although the data confirms the first half of the real estate market is still in the doldrums, but the published June monthly data also transmits the signs of warmer market.The Ministry of finance data display, single month of May is still negative growth of 6.9% of the national real estate business tax, enter after June rebound trend, add receive 45300000000 yuan, amplitude picks up to 23.6%.At the same time, in June, and real estate related to some small local tax, land value-added tax and urban land use tax year-on-year growth of 56.6% and 51.2%, but still fell 0.9% deed tax.?In June the real estate business tax growth is rapidder, main and the recent period of time some city real estate sales to pick up the.? The Ministry of housing and Urban Construction Policy Research Center DirectorQin HongSay, by the real estate market regulation effect, has the buying homes demand part of consumers in more than a year has adopted a wait-and-see attitude, by JuneCentral bankConsecutive rate cut policy, property buyers in the market is expected to change, making June volume over the previous months to rebound.However, the Ministry of Finance Bureau deputy directorBai JingmingIn an interview with reporters do not recognize the current real estate market has been warmer. ?Although in June the real estate business tax has rebounded, but the real estate market as one of the indicators of the deed tax is still negative growth, but the real estate market is hot, the deed tax increase in 30% to 50% between.?Undeniable, half of China?s economic slowdown, the regulation of real estate is a major influence factors. Sheng Laiyun says, the real estate of the active control in the short-term impact on China?s economic growth has an important reason.In the steady growth of the tone, the central keep the real estate regulatory policy not to relent and local government regulation and control measures of fine tuning coexist, recently part of region market is expected to appear some changes.Under the pressure of the economic downturn, the next step for the real estate market regulation of concern. ?We want to further improve the real estate macro-control policies, to further consolidate the results of real estate regulation.? Sheng Laiyun emphasizes, the regulation of the real estate to persistent and healthy development of national economy, especially to prevent real estate bubble on long-term economic development impact.Qin Hong also thinks, at present our country is in the key period of real estate regulation, the central bank to cut interest rates, monetary policy easing may affect the real estate demand and prices rise, want to have sense, should not relax on the speculative real control, at the same time to meet the demand for owner-occupied type purchase.?Meet the people?s housing demand is reasonable, real estate regulation should be,? Qin Hong said, before too much emphasis on the real estate industry?s economic function, this round of regulation is designed to make the real estate industry to return to its social function. (end)

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Source: http://www.zloan.info/32007.html

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