First, housing prices are scarce in big cities in China, especially in Beijing, because the urban model in China is completely different from that in Europe and America. We are a stacked city with high density and high population concentration. Once this trend is formed, it is difficult to change.
Second, the expansion of Beijing's urban area has almost reached its limit. If we continue to expand, it will not be Beijing. Of course, there are fewer good lots, and unless there is force majeure, the trend of price increase cannot be suppressed.
Third, the regional and capital plots are also the reasons why I have confidence in Beijing's housing prices. According to the basic national conditions of China, everyone wants to live in the capital, and the population entering is increasing every year. Under this trend, it is almost impossible to lower house prices.
Fourth, Beijing's population policy is also changing, especially the one-child policy of family planning has been abolished, and a second child can be born, which will make Beijing's future housing more scarce, so this reason will also rise.
Of course, it is unlikely that Beijing's housing prices will rise sharply in the future. Basically, it will rise slightly every year, because the introduction of property tax will make profound changes in the future property market, as follows:
The first is to change people's concept of financial management. It used to be possible to get rich by buying a house, but since the real estate tax landed, the probability of getting rich in this way has decreased.
Second, it is likely to change the allocation of resources in the city. With the awakening of taxpayers' consciousness, people naturally demand the transparency and destination of the tax paid, which forces government departments to redistribute resources at the resource allocation end.
Third, the emergence of real estate tax has a great impact on the real economy. Previously, due to the extremely low cost of holding land and real estate, many non-real estate enterprises flocked to enter this market, and this will not happen in the future.