Writer Song Hee-gu: 15home prices of up to hundred million won drive the market higher

Writer Song Hee-gu said 7in a YouTube appearance that the trend in the real estate market would not change significantly after the local elections. Citing past cases, he said the market had not changed dramatically after elections. He explained that most of the current government's regulatory options had already been used, making it difficult for policymakers to impose further strong regulations or substantially ease them. He mentioned that tax-increase policies, including holding taxes, could affect multiple-home owners. However, 1homeowners make up the absolute majority of the market, making it difficult to significantly shake the market as a whole, he assessed. Regarding interest rates, while leaving open the possibility of some increases, he drew a line by saying it would not reach the level of a sudden surge of 2021times 3to4times or more, as in the year. Song identified the structure in which rising monthly rent and deposit prices push up sales prices as a key feature of the market in the second half of the year. In particular, 15he pointed out that steep increases were appearing in the real estate market for properties priced at up to hundred million won. He explained that if listings in the lower price range surge, market prices of listings in more desirable areas could also rise in succession. He added that performance bonuses worth hundreds of millions of won at major companies, including semiconductor companies, and a booming stock market were having some effect on buying sentiment. These remarks primarily linked demand for mid- and low-priced homes with liquidity conditions. The source was remarks by writer Song Hee-gu.