*This content was translated by AI.
Real estate in the Seoul metropolitan area, including Seoul, is showing a stable trend.
According to real estate R114, apartment sales prices nationwide fell 0.06 percent in the fourth week of January from the previous week. This is interpreted as the impact of some of the sudden sales, which were concerned about the possibility of the government's strengthening real estate taxes, on the market.
Seoul fell 0.04%, the Seoul metropolitan area fell 0.05%, and Gyeonggi and Incheon fell 0.06%. The five major metropolitan cities fell 0.11% and other regions fell 0.09%. Among the 17 cities and provinces nationwide, the weak trend was dominant with one flat and 16 falling. By region, ▼Ulsan (-0.17%), ▼Jeonbuk (-0.16%), ▼Gyeongbuk (-0.15%), ▼Daejeon (-0.11%), ▼Busan (-0.11%), ▼Daegu (-0.10%).
The price of lease on a deposit basis rose by 0.05 percent overall. Seoul rose 0.08%, the Seoul metropolitan area rose 0.06%, Gyeonggi and Incheon rose 0.04%, and the five major metropolitan cities and other regions rose 0.03%. Among the 17 cities and provinces nationwide, the upward trend was dominant with 14 rising, one flat, and two falling.
By region, Seoul (0.08%), South Jeolla Province (0.07%), Busan (0.06%), Gyeonggi Province (0.05%), and South Gyeongsang Province (0.05%).
As the government recently announced the end of the transfer tax on multiple homeowners, the issue of real estate tax reform has been on the table in earnest. In addition, with the issue of strengthening ownership tax as well as transfer tax, urgent sales that are cheaper than market prices are coming out in some regions. However, this is not the first time that tax weight issues centered on multi-homeowners (number of houses) have been raised.
Multiple real estate experts said, "Starting with the announcement of the September 13 measures in 2018, the Moon Jae In government has imposed punitive taxes on the acquisition, possession and transfer processes related to multi-homeowners. However, he also expressed concern, saying, "At that time, the issue of 'tax transfer' side effects was greater than the advantage of price control due to heavy tax."
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*This content was translated by AI.
