CCTV News: The latest data released by the State Administration of Taxation shows that from December 1, 2024, new tax reduction and exemption policies such as real estate transaction deed tax preferential treatment will be implemented nationwide. In the first month of the policy implementation, tax cut dividends continued to be released, promoting the stable and healthy development of the real estate market.
Data shows that in the first month of the implementation of the new real estate tax policy, home buyers nationwide added 11.69 billion yuan in tax exemptions. After the implementation of the policy, 1.407 million households who individuals who purchase housing and enjoy the minimum preferential tax rate for 1% deed tax, accounting for 89.4% of all households who enjoy the preferential tax policy for deed tax, an increase of 14.4 percentage points from before the implementation of the policy. In addition, the new policy will include the purchase of second houses in Beijing, Shanghai, Guangzhou and Shenzhen in the scope of preferential deed tax policies, with an additional tax reduction of 2.58 billion yuan. At the same time, the new policy will no longer distinguish between ordinary residential and non-ordinary residential housing for individuals in Beijing, Shanghai, Guangzhou and Shenzhen for 2 years, and will be exempted from value-added tax. In the first month of the implementation of the new policy, the number of individual housing units transferred in Beijing, Shanghai, Guangzhou and Shenzhen increased by 71% compared with the previous month.
The National Bureau of Statistics recently released the basic situation of the national real estate market in 2024, among which multiple indicators such as sales and financing continued to improve, especially at the end of the year, the transaction volume of new and second-hand housing in first-tier cities increased year-on-year. At this sales office in Daxing District, Beijing, staff said that according to previous years' experience, customers who visited before the Spring Festival mainly focus on understanding the situation and plan to buy a house after the Chinese New Year. But this year, many people tend to buy directly.
Not only in Beijing, Guangzhou had 440,000 square meters of online signing area for new houses in the first 16 days of January, an increase of 109% year-on-year. At the same time, there are new changes in the second-hand housing market in first-tier cities. In the first three weeks of January, the average online signing price of second-hand houses in Guangzhou also rose three times, exceeding 33,000 yuan, setting a new single-week high since September last year.
Experts said that as the Spring Festival approaches, some demands cannot be fully released for the time being. However, the real estate situation across the country, especially in first-tier cities, residents' confidence in buying houses has increased significantly, and the activity of the housing market has increased significantly.
The reporter noticed that the temperature of the first-tier real estate market is also constantly transmitting to more second- and third-tier cities. According to data from CRIC Research Center, in the first half of January, the total transaction volume of new houses in 37 key cities reached 3.87 million square meters, an increase of 47% compared with February of the 2024 Spring Festival. In particular, many second- and third-tier cities have ushered in a "good start" in the real estate market.
The reporter sorted out data from various places and found that in the first three weeks of January, a total of 3,734 new houses were sold in Nanjing, an increase of more than 4 times compared with the same period last year; a total of 2,351 units were sold in Wenzhou, an increase of nearly 100%; cities such as Wuhan, Jinan, Ningbo, and Lianyungang have all grown to varying degrees.
