M city 5 condos prices. What are the overseas real estate investments? In recent years, there has been a housing boom in China. Prices in first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen are even more expensive than foreign houses.Please Visit: M city 5 condos prices to Get Your VVIP Registration Today!
Real estate has become one of the most popular ways of investment, but the situation has improved since the introduction of restrictions on purchase and lending this year, but this has not stopped wealthy Chinese from wanting to invest. some Chinese have decided to go overseas with a lot of money, it is no exaggeration to say that the Chinese have become the primary purchasing power of overseas real estate.
Although it is voluntary to buy houses overseas, we should carefully study the real estate investment policies of various countries before buying. After all, overseas housing purchases do not follow the baton of the central government as closely as the domestic housing market, there are only slight local differences. In different investment countries, they may face very different heat of the property market and very different tax policies. The editor learned that at present, the United States, Canada, Britain, Australia and Xinjiapo are the main investment markets for Chinese people. Today, I would like to give you a rough analysis of the latest trends in the property market in various countries as a reference for your investment.
Canada’s housing market, originally driven by easy credit, is expected to take a hit as stricter mortgage rules come into effect and interest rates are expected to rise further, according to a survey released by foreign media. Since the superimposed financial crisis, Canadian housing prices have been “falsely high”, the average household debt level is too high and the housing vacancy rate is extremely high. Economists believe that the Canadian real estate market will meet the most severe test in recent years.
When the Bank of Canada raised interest rates for the first time in July, some institutions pointed out that the Canadian real estate industry fell less during the financial crisis than the United States, but rose even more during the economic recovery. when you combine the endless rise in house prices with the all-time high debt-to-income ratio, this housing bubble becomes scary.
In addition, the extremely high vacancy rate in Canada’s domestic housing market also shows that the housing market is at risk of overheating. The housing vacancy rate in Canada rose from 7.85 per cent in 2001 to 8.4 per cent in 2006. By the end of 2016, the housing vacancy rate was 8.69%, an all-time high, with a total of about 1.34 million units, double the number left vacant before the subprime crisis in the United States.
According to the Financial Times on November 24, British Chancellor of the Exchequer Philip Hammond announced that the British local government may double the household tax on vacant properties, a move that will hit people who own two homes. In submitting his budget report, Hammond said: “when a lot of people are eager to own their own homes, it is wrong to leave property vacant.”
It is reported that according to the law previously promulgated by the British government, if a house has been vacant for two years or more, unless it is an accessory to a property or the owner is a soldier, then the local council can now impose an additional family tax of up to 50%.
According to the Chancellor of the Exchequer’s plan, the local council can raise the family tax rate to 100%. But experts say foreign owners of vacant homes in London are unlikely to sell or rent out their properties because of higher tax rates, and their annual property tax will only increase slightly. For example, if the local government doubled the tax rate on vacant houses, the annual household tax on the most expensive homes in Kensington and Chelsea would be only about £4300.