China suspends expansion of real estate tax pilot

The above move comes in the context of real estate market China has not yet fully recovered from the liquidity crisis of a series of companies real estate big last year.

Newly released figures show that China’s real estate investment in the first two months of the year increased slightly by 3.7% year-on-year, after plunging nearly 14% in December 2021. . But in general, the demand to buy a house is still not stable.

In October 2021, Chinese officials said they would expand the trial of a property tax in some areas of the country.

However, many experts believe that, in the current context, the tax imposition should be delayed to avoid further damaging confidence in the housing market.

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