Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

The Influence of Real Estate Tax on House Price in Shanghai

Authors
Xintong Feng1, , Minxi Jia2, , Chenghao Yang3,
1Guangxi University, Nanning, Guangxi, 530000, China
2International leadership of Texas, Garland, Texas, 75044, United States
3Shandong experimental senior high school, Jinan, Shandong, 250000, China

These authors contributed equally.

*Corresponding author. Email: 983424391@qq.com, 3021324401@qq.com, 1982689009@qq.com
Corresponding Author
Xintong Feng
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.365How to use a DOI?
Keywords
Property tax policy; Shanghai second-hand real estate market; Multiple linear regression model
Abstract

The rapid growth of housing prices prevents the Chinese government from introducing policies related to real estate. This paper takes Shanghai’s second-hand real estate market as the research object, takes GDP and income as the main indicators, analyzes and establishes an econometric multiple linear regression model to study the impact of the real estate tax. The research results of this paper show that the per capital disposable income of urban residents in Shanghai is highly correlated with the average price of commercial housing, and the real estate tax has relatively little impact on the housing with demand, but a relatively large impact on the improvement of housing and real estate speculators. After implementing the property tax, it will have a small impact on people below the tax-free zone and who only have one house, and to some extent, it will limit the demand of middle-class buyers who have enjoyment needs.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.365How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Xintong Feng
AU  - Minxi Jia
AU  - Chenghao Yang
PY  - 2022
DA  - 2022/03/26
TI  - The Influence of Real Estate Tax on House Price in Shanghai
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2225
EP  - 2229
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.365
DO  - https://doi.org/10.2991/aebmr.k.220307.365
ID  - Feng2022
ER  -