The soaring demand is a result of the country's scrapping its traditional national housing program,which has driven people to the commercial market,and growing urbanization,which has seen millions of people move to cities.And with a booming economy and few investment options,housing continues to attract investment.
There are obvious signs of speculation in the market.
A large number of investors are believed to be hoarding housing to profit from future price increases.They have distorted market supply and demand to push up prices.
The failure to devise proper policies to control speculation is one of the crucial factors behind the everrising prices.
The government,in the long run,can stabilize the property market through balancing regional development.It can divert demand to other cities around regional centers.
In the short term,the speculative bubbles must be deflated so that supply and demand can reflect reality.
The Shanghai authorities reportedly decided over the weekend to levy a 20 percent tax on the sale of previously owned homes.Although the local tax authorities did not verify the news,it triggered an earthquake in the local market.People are rushing to sell their houses before tax measures are put in place.
Policy makers need to closely monitor the market reaction and study the pros and cons of a tax on the sale of previouslyowned housing as a way to stabilize the redhot market.
【2017届高考英语(重庆专用)二轮精练:选修8 unit4 Pygmalion单元测试】相关文章:
★ 【人教版】2014届高考英语一轮复习指导考点针对练:选修6 unit2《Poems》
★ 【三维设计】2017届高考英语(江苏专用)二轮复习阅读理解解题技法示范课件:10
★ 【三维设计】2017版(江苏专用)二轮复习练习:选修8 Unit 4《Films and film events》单元检测(含解析)
★ 【人教版】2014届高考英语一轮复习指导考点针对练:选修7 unit4《Sharing》
★ 【北京专用】2014届高考英语一轮复习方案课时作业:必修3 Unit 5 Canada
★ 【三维设计】2017届高考英语(江苏专用)二轮复习课件:必修3 Unit 1《The world of our senses》
★ 2014高考英语(新人教版)一轮基础训练(8)A、B卷(附答案或解析)
★ 【浙江专用】2014届高考英语一轮复习课时作业(四十)选修8Unit 5《Meeting your ancestors》
★ 【三维设计】2017版(江苏专用)二轮复习练习:选修8 Unit 2《The universal language》课时跟踪检测A卷(含解析)
最新
2017-04-24
2017-04-24
2017-04-24
2017-04-24
2017-04-21
2017-04-21