Will housing / tax market shocks lower prices?
According to Tejarat News, the tax on luxury houses was announced by the tax organization to its offices yesterday. According to housing market experts, the implementation of taxes is useful for regulating housing prices, but it should not shock the housing market.
In recent weeks, there has been a recession in the housing market, and due to rising housing prices and a sharp decline in the purchasing power of buyers, supply and demand in the market have not been properly formed. According to the announcement of the tax rate for luxury homes by the tax authority, will the collection of taxes reduce the price of housing?
Will taxes reduce housing prices?
In an interview with Tejarat News, Mostafa Gholi Khosravi, President of the Union of Real Estate Advisors, pointed out that one should not shock the housing market with interviews and news, and explained about the tax on luxury houses: It increases their price.
Khosravi considered the tax to be a market regulator and believes that in general, if the tax is not implemented properly, it will not be able to reduce housing prices.
The head of the union of real estate consultants continued: “Taxes, if implemented correctly and quickly, will cause capital adjustment and are very useful for the housing market.” But we see that the tax on vacant houses did not materialize properly and eventually led to an increase in housing prices.
Therefore, Mostafa Gholi Khosravi is of the opinion that the tax on luxury houses is likely to increase prices in the housing market.
Why does the tax on luxury homes increase prices?
Khosravi, president of the Union of Real Estate Advisors, said one of the possible reasons for the rise in house prices was the increase in the housing transaction commission. He also believes that the publication of this news is not only not in the interest of the market, but also creates excitement in the market and will have negative effects.
In the end, he mentioned the mentioned factors along with the incorrect implementation of tax collection as factors for increasing the price of luxury houses.
The effect of national housing on the market
The head of the union of real estate consultants referred to the national housing plan and explained that if it is implemented properly, it can have a positive effect on the market and the volume of housing transactions.
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