Korea has just announced a new real estate policy, Park Geun-hye government since he took office the first comprehensive regulation of the real estate market measures. In the past two years, South Korean real estate market downturn, turnover record in February this year, the lowest level in seven years, housing prices in Seoul has reached the lowest level since the 2008 financial crisis. According to South Korean media reports, South Korea's new government of the activation of the tricks of the real estate market are mainly two words, tax cuts.
Jiangnan style so popular in the world, one we all know the high prices of the rich area of Seoul, Korea Gangnam, Gangnam-gu, also Korea created the Jiangnan unbeaten myth, the so-called "Jiangnan undefeated" is that people I believe in Gangnam, housing prices will only go up not down. However, starting in 2005, a substantial tax coupled with the financial crisis of 2008, the the "Jiangnan undefeated myth was finally broken.
Korean KBS television reporter Nan Liming: real estate boundless stir-fried brings a wealth polarization in Korean society, the rich sets or even dozens of sets, no money to buy a immune, so there is a lot of Residential poor. Into the 21st century, Kim Dae-jung government has been to the Roh Moo-hyun government, in order to improve this uneven condition of the real estate, real estate policy constantly surgery. Later, the late Roh Moo-hyun administration given the multi-property owners a very heavy tax burden, a serious blow to the rich in real estate investment, the Seoul and its surrounding cities, housing prices continue to fall, is seen as the most obvious Seoul rich district of Gangnam-gu, the most expensive residential prices reportedly almost dropped to 1/3.
Seoul district once favored room "after 2008 could not avoid devaluation.
CCTV reporter MA Hongtao: Seoul Gangnam, Seocho and other area concentrated Seoul best quality of educational resources, Korean with the Chinese special emphasis on the education of their children, so near the school house, "the school district room" of prices on quite expensive, but Lately, housing prices in this area dropped significantly, the most important reason is that Seoul City to take a very severe real estate lending policies, significantly increased the threshold for real estate loans.
The South Korean government on schedule controlled prices skyrocketing momentum, but over a period of time, the drawbacks of the housing market downturn is beginning to show.
Nan Liming: the shrinking of the real estate bank loans flops atrophy brought to the construction industry, building materials industry, exacerbated by the economic downturn, many people take chances psychology do not work hard to buy a house, waiting for home prices continued to fall. Faced with this situation, people are asking the Government to come up with a way to activate the real estate industry's increasing demands for Lee Myung-bak government ruling late on a trial basis for six months tax cuts, has shown significant improvement.
In 2001-2006, is the Korean housing prices skyrocketing period, some people can not pay the high rent, and even choose suicide. Prices continued to fall, the absolute prices in many areas are still relatively high, rents continue high, the Seoul public housing pressure is still there.
In the small office of mayor of Seoul Puyuan Chun, an entire wall is yellow convenience paste covered densely written above public housing problems to the mayor's proposal, the mayor in order to remind myself not to ignore the voice of the people .
Puyuan Chun: in Seoul, the one you want to buy a set of their own homes, and it takes an average of 12 years, the Seoul city as much as possible to provide public housing, I think this is an important means to solve the housing shortage. We plan to provide 80,000 units of public housing by the municipal government in 2014.
Park Geun-hye, the Government also decided to listen to public opinion and the appropriate relaxation of the real estate policy, in order to activate the economy.
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