The Impact of Tax and Non-tax Policies on Adjusting Housing Prices in China

Abstract

Chinese government has made many policies to adjust the development
of real estate market in recent years. For the sake of researching on the policies effect,
this paper divides all Chinese provinces into three regions according to Chinese
government classification standard. Then the paper respectively analyse the
notability degree which tax factor and five non-tax factors influence on housing price
of three regions. These five non-tax factors include affordable housing, construction
cost of residential housing, urban resident’s income, and loan scale. The paper
appraises tax and non-tax policies effect, and gives some suggestions for the
continued policies.