The Influence of Real Estate Tax on House Price in Shanghai
- https://doi.org/10.2991/aebmr.k.220307.365How to use a DOI?
- Property tax policy; Shanghai second-hand real estate market; Multiple linear regression model
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.
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
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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 -