地产经纬丨上海房产税优化细节落地 非沪籍多套房税负下降

Core Viewpoint - The recent policy adjustment by Shanghai's Finance Bureau aims to optimize the property tax regulations for non-local residents, particularly focusing on reducing the holding costs for families owning multiple properties, thereby stimulating the real estate market [1][2]. Policy Adjustments - The new policy aligns the property tax exemption standards for non-local families purchasing second or additional homes with those of local residents, allowing for a tax-free area of 60 square meters per person when calculating total housing area [2]. - Non-local families can achieve full exemption from property tax if their second home is 180 square meters or less after accounting for the exempted area, significantly supporting demand for improved housing [2]. Tax Regulations - The tax exemption policy for first-time homebuyers among non-local families remains unchanged, continuing to benefit high-level talents and those with residence permits for over three years [2][3]. - The policy will take effect on January 1, 2025, allowing eligible homeowners to apply for tax refunds on previously overpaid taxes, which alleviates concerns regarding housing costs [2]. Market Impact - The policy is expected to boost the willingness of non-local families to purchase homes, particularly in areas where purchase restrictions have been relaxed, potentially increasing housing transaction volumes [4][5]. - Data indicates that the Shanghai real estate market, especially in outer districts, is under pressure, with significant declines in new construction and sales, highlighting the need for supportive measures [3][4]. Market Sentiment - The policy reflects Shanghai's commitment to supporting reasonable housing consumption, contributing to a more favorable market environment characterized by the lowest purchase costs and thresholds in history [5]. - While the policy is anticipated to improve market sentiment, its actual impact on sales data will require further observation, as the market faces challenges such as declining second-hand home prices and reduced new construction [5].