Hangzhou and Xi’an Announce Complete Cancellation of Property Purchase Restrictions
In a surprising move, the major cities of Hangzhou and Xi’an both announced within one day the complete cancellation of property market purchase restrictions. This decision signifies a major shift in the real estate market in these cities.
On May 9, Xi’an City in Shaanxi Province issued a notice stating that housing purchase restrictions in the city will be completely lifted. This means that households no longer need to meet specific qualifications when purchasing new commercial housing or second-hand housing in Xi’an. This announcement puts Xi’an in a small group of cities across the country that have completely removed purchase restrictions.
In addition to Xi’an, only a handful of cities, including Beijing, Shanghai, Guangzhou, Shenzhen, Hainan Province, and Tianjin City, still have some form of purchase restrictions in place. The decision to lift these restrictions in Xi’an is seen as a significant step towards promoting a healthy and stable real estate market in the city.
The notice from Xi’an City outlined several key points, including the cancellation of housing purchase qualifications, adjustments to parking space planning ratios, and the promotion of the “old-for-new” home purchase model. The city also aims to support real estate companies, brokerage agencies, and financial institutions in streamlining the real estate transaction process.
Meanwhile, Hangzhou City in Zhejiang Province also announced the complete cancellation of housing purchase restrictions on the same day. This move aims to optimize the real estate market control policies in the city and promote a more balanced supply and demand of housing.
The decision to lift purchase restrictions in both Hangzhou and Xi’an comes at a time when the real estate market in these cities is showing signs of growth. In Xi’an, new house prices have been rising for 13 consecutive months, indicating a strong demand for properties in the city. Similarly, Hangzhou has seen an increase in the supply of residential land and a rise in the sales performance of real estate companies.
Overall, the complete cancellation of housing purchase restrictions in Hangzhou and Xi’an is expected to have a positive impact on the real estate market in these cities. It is also seen as a reflection of the changing dynamics in the real estate sector nationwide, as more cities work towards promoting a healthy and stable housing market for residents.
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What will the abolition of double taxation between Azerbaijan and Turkey bring to the economy?
– 2024-05-09 08:11:11
As previously reported, President of Azerbaijan Ilham Aliyev signed the law “On approval of the Agreement between the Government of the Republic of Azerbaijan and the Government of the Republic of Turkey on the abolition of double taxation in relation to income taxes and the prevention of tax evasion.”
According to the document, the “Agreement between the Government of the Republic of Azerbaijan and the Government of the Republic of Turkey on the abolition of double taxation in relation to income taxes and the prevention of tax evasion”, signed on February 19, 2024 in the city of Ankara, was approved.
This agreement strengthens economic cooperation between the two countries, allowing companies from both countries to invest more and participate more in mutual trade.
As expert economist Eldaniz Amirov told Trend, Turkey has become the 56th country with which Azerbaijan has concluded such an agreement, Day.Az reports.
“Non-residents, when operating in the territory of another country and receiving income, pay tax to the extent provided for by the legislation of that country. Then they pay income tax provided for by the legislation of their country. With the signing of this agreement, when the non-resident returns to his country, he is exempt from paying this tax in their own country. That is, a non-resident pays tax once. And this is definitely one of the main factors that creates favorable conditions for business activity. And most importantly, it also stimulates the activities of foreign entrepreneurs (non-residents) in the country. as non-residents. At the same time, it will stimulate the activities of Azerbaijani entrepreneurs. This will contribute to the growth of trade turnover, improvement of the investment climate, and increase employment in both countries,” he said.
How to Increase Your Retirement Benefits: ZUS Capital Indexation Explained
Every year in June, ZUS makes a capital index, which leads to an increase in the value of the donations collected in ZUS accounts. As a result, it is worth waiting to retire until the second half of the year, when the increase is already credited to the account. The indexation of pensions only applies to benefits that have not yet been paid.
Pension index. From July, benefits will be higher
The cash balance accumulated in retirement accounts will be increased by ZUS in June, so it is worth delaying retirement at least until July. The more we have accumulated in ZUS and the older we are, the better the index of the capital accumulated in the ZUS account is for us.
2024-05-09 07:56:20
#Pension #index #June #Seniors #PLN #extra
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How to Increase Your Retirement Benefits: ZUS Capital Indexation Explained