Circular of the General Office of the State Council on Effectively Stabilizing Housing Price
Circular of the General Office of the State Council on Effectively Stabilizing Housing Price
Circular of the General Office of the State Council on Effectively Stabilizing Housing Price
Guo Ban Fa Ming Dian [2005] No. 8
March 26, 2005
The people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government and the ministries and committees and the instrumentalities under direct administration of the State Council:
Since last year, with the implementation and fulfillment of the macro-control measures and policies, the excessive growth trend of real estate investment has been curbed to some extent. However, as the market demand is comparatively large, the house purchase for speculation or investment in some regions is increasing by a huge amount, the house supply structure is unreasonable and the costs for construction has been on the increase, etc., house prices in some regions are still soaring, which has affected the steady development of economy and society. In order to restrain the excessive growth of house prices and promote the sound development of the real estate market, we hereby notify the relevant matters as follows:
I. Attaching Great Importance to Stabilizing House Prices
The real estate industry is an important pillar industry of our national economy. House prices have always deeply concerned the general public. The excessive rise of house prices has directly affected the improvement of house conditions of urban families, affected the financial security and social stability or even affected the sound operation of the whole national economy. At present, although the excessive growth of house prices is a partial and structural problem, yet if it is not brought under rein in a timely manner or fails to be settled in a proper manner, it may evolve into a problem that may affect the whole situation. Therefore, all regions and departments shall be fully aware of the importance of the real estate industry and the harm of excessive house price rises, attach great importance to it, intensify the leadership thereof, make stabilizing house prices an important content of strengthening and improving the macro-control and take effective measures to restrain the excessive rise of house prices.
II.
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