These days, the market shivering as soon as the policy came into play. In early 2026, a second-hand vat adjustment came silently to the ground, but the insiders knew from a glance that it was not a sling, but a flare. The tax rate has been reduced from 5 per cent to 3 per cent in two years, with direct exemption for more than two years. If you've got a house that's just been bought for a year and a half, with a market value of 5 million, you can save almost $100,000. Ten years later, the first vat knife on personal housing transactions has been used for the first time since the full build-up of the battalion in 2016, a force that is not small, but large。
Why did you get stuck? Five percent of the tax rate is set there, and it's clear to you: don't fire the house, come in and eat it. At that time, the idea was simple — to keep speculators out of the door with high-cost pressure. In beijing, shanghai and elsewhere, two years of trading is essentially equivalent to a “punitive tax”. But now the wind has changed. In beijing, non-king family home-buying social security coverage has been relaxed and has not been completely liberalized, but the threshold has indeed been slightly lowered. It's not a single-point explosion, it's clearly a hot water boiled frog, and it's a policy to run, and it's a little smaller。
In fact, this wave does not really target the house price per se, but the “liquidity” of the transaction. When the house was sold, the buyer hesitated, the market was frozen. The current reduction in the cost of selling houses amounts to the untiement of a new house. Those landlords who bought less than two years and didn't want to lose their taxes might start to figure out: "do you want to hang up?" as many houses as are available in the market, the buyer is in good hands. To be honest, you don't have to buy a house right away. You push up the wheel。
There's one example around me. Li bought a new set last year in zhongyang, hoping not to sell it for two years, fearing that taxes would be too high. As soon as the policy came out, he recalculated and found out that $780,000 would be saved, and the broker called him to persuade him to “get out of the way”. See, that's the way people think。
But don't expect this policy to make house prices soar. The impact is indeed limited, after all, mainly for sellers within two years. What is really crucial is the logical shift behind it: from “boom-proof” to “stable”. It used to be black, it's thin. The time limits, the time limits, the time limits, the time limits, the time limits, the time limits, the time limits, the time limits, the time limits, the time limits, the time limits, the time limits, and the time limits。
What do ordinary people think? Don't wait to die for a copy. Cities such as beijing, east and west cannot be seen as one or even as separate roads. You're going to the house now, and if you feel like the landlord is willing to talk, the broker is willing to make an appointment, the source information is up to date, which means the market is moving. This is a time for more choice and more voice. It's not like a stock. It's a house. It's a house. The experience of the middle set of houses you see, and the landlord's willingness to set prices and talk about payment cycles, is in itself a value。
Now the market, like the river after winter, begins to crack. You can't hear it, but the water's flowing down there。
