It’s necessary to step up support for second-hand home market, reduce transaction cost – state media
VIEWS & ANALYSIS
It’s necessary to step up support for second-hand home market, reduce transaction cost – state media
VIEWS & ANALYSIS

It’s necessary to step up support for second-hand home market, reduce transaction cost – state media

 

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It’s necessary to introduce more policy measures and further break transaction barriers to support China’s second-hand home market, the state-backed Economic Daily wrote in an editorial on Thursday.

The government could consider lowering the threshold for entering the market to boost sentiment, and adjusting the tax on second-hand home transactions to reduce costs, it said.

Considering the current market situation, there is still room to reduce the transaction tax for second-home purchases, especially in the first-tier cities and hot second-tier cities, it said, adding that tax is an important consideration for home buyers due to home home prices.

It also called for the efforts to standardize intermediary services to curb market chaos.