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Hong Nam-ki “Housing market stabilization… Some apartment prices in Seoul are at the level just before the decline”

Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki emphasized today (8th) that the housing market, including the sales market and the jeonse market, is showing a trend of stabilization.

Deputy Prime Minister Hong held a ministerial meeting related to real estate market inspection today at the government complex in Sejong and said, “The housing market has recently stabilized due to housing supply measures such as real estate advance subscription and designation of planned districts for the 2nd and 4th measures, an increase in the base rate, and strengthening household debt management. The trend is becoming more firm,” he said.

He said, “In the case of the sale market, apartment prices in some areas in Seoul have stabilized to the level just before the decline,” he said. It has been released and the upward trend in price continues to slow down,” he said.

(Photo = Yonhap News)

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