M&T Lawyers was interviewed by Accounting Messenger about what influence the House Property Tax has on house prices in China

The senior partner of M&T Shi Zhiqun said asset price is the comprehensive reflection of the real estate market, and tax influences prices mainly through real estate market. The influence of tax on real estate can be anticipated while the impact on house prices is unpredictable, because there are lots of factors may have an effect on the price, from the cost to the demand.
About the issue that the influence of House Property Tax on real estate market, Mr. Shi said, generally speaking, the changes of demand and supply in the market may lead to lower price. In a word, the levy of House Property Tax will have an effect on controlling house prices , while the depth and breadth of the role are still waiting for the test of practice.