Seoul’s housing relief depends on where you look
The Korea Herald · Park Yuna ·
President Lee Jae Myung’s remarks Tuesday about falling home prices in parts of Seoul drew skepticism, reflecting a gap between his assessment and what many bu
President Lee Jae Myung’s remarks Tuesday about falling home prices in parts of Seoul drew skepticism, reflecting a gap between his assessment and what many buyers and renters are seeing in the market.
Lee told a Cabinet meeting that transaction prices in key areas were falling “to a surprising degree” and said South Korea must “shed the stigma of being a republic of real estate speculation.”
He later wrote on X that the government was considering buying homes in bulk for public rental housing if prices fell sharply.
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