Lee Jae-myung Administration Real Estate Policy Faces Mixed Reactions

Real Estate Policy

Divergent Views on New Government Policy

Since the inauguration of the Lee Jae-myung administration, concerns and expectations regarding real estate policy are intersecting. Seoul Mayor Oh Se-hoon expressed concerns about the new government real estate policy, while former lawmaker Park Yong-jin offered positive evaluations.

Seoul Mayor Warning

Mayor Oh Se-hoon stated concerns about whether real estate prices can be controlled if money supply is increased in the market under the pretext of stimulating the economy. He emphasized the need for a cautious approach based on past experience that house prices rise when money is released even with regulations.

Economic Target Concerns

Some analysts suggest that the new government is excessively intervening in the real estate market due to the economic goal of KOSPI 5000. There are concerns that expanding money supply for economic stimulus could eventually flow into the real estate market.

Market Wait and See Attitude

In the real estate market, a wait-and-see attitude continues due to mixed signals regarding government policy. While transaction volumes are increasing in some areas due to expectations of deregulation, an overall cautious atmosphere persists.

Original: https://trendy.storydot.kr/real-estate/lee-jae-myung-real-estate-policy-concerns-expectations

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