Government study on housing policy: 70% own home

08:35, July 01, 2010      

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The Survey Office in Beijing of the National Bureau of Statistics carried out a study on the current housing situation and requirements across Beijing's 18 districts and counties in April and May.

The results showed that more than 70% of urban families in Beijing own their own home, and half of these receive government subsidies.

The research also revealed that over 28% of the interviewees said they were satisfied with Beijing government's housing policy; over 28% said they were "generally satisfied"; 14.7% "not quite satisfied" –and 29% "not satisfied at all".

Of the families who expressed satisfaction, over 30% are classified as low and medium income, while families with medium and high income made up 17.6% of those who reported being satisfied.

This is because the latter group of families with medium and high income - the so-called "sandwich class" - are not qualified to enjoy the housing policy, but their incomes are still much lower than the high income families, said the Beijing Municipal Bureau of Statistics.

It also said that the implementation of the government's housing policy has not met the expectations of the Chinese population over the last few years.

Experts say the government should allow more of the country’s citizens to benefit from the housing policies,, especially the so-called "sandwich class".

Source:Global Times


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