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Thread: Will these calm down the house price?
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[quote=JOHNNY512,240781]As the central bank declared to raise the interest rate by 0.27% and to lower the interest tax to 5%, the interest for personal housing accumulation funds raised about 0.09%. What effect will these make to the real estate, to calm down the house price or not? In theory, the higher interest rate can prevent more and more people invest in the real estate. On the other hand, it may bring much burden for those house buyers. They need to pay more for their house. From this angle, it is helpful to the real estate. The house buyers need to be ratinoal and the house price may become lower. However, it is just a theory. Will it take effect? Personally, I do not think so. It is the seventh time that the central bank raised the interest rate. Also it suggests that this method could not work well. What do you think of this move? Does it really have magic power to calm down the house price?[/quote]
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