Korean real estate market
First, house prices in Seoul have increased by 45% in four years. For example, a community with more than 1.600 households actually attracted about 654,380+10,000 people to rob the house. Moreover, Seoul itself is very small, accounting for only 0.6% of the whole country of Korea, but 20% people live in Korea. There are many high-end enterprises on a small site, which is the dream place of many young people, resulting in high overall housing prices and very difficult to buy.
Secondly, there are many people buying real estate in Seoul. Last year, the sales of apartments in Seoul exceeded100000 sets, an increase of 100%. Then, under the impetus of the new mayor in April this year, the conditions for buying houses were relaxed, and the renovation of old houses and new real estate projects were promoted. This favorable policy makes buyers more active, so it is more difficult to grab a house.
Korean real estate market
In addition, the heat of grabbing houses around Seoul can also reflect how hot the houses in Seoul are. Because it is too difficult to rob a house in the capital. So many people aim at the houses around Seoul. With the gradual allocation of urban traffic around Seoul, housing prices around the capital have risen and then risen, and various educational and medical resources have suddenly been stretched.
Because the houses in the capital are really difficult to grab, there are very abnormal price fluctuations around the capital because of the high enthusiasm of the people. The price increase in this area is even more than ten times that of Seoul.
It is difficult for the government to rob a house. Although the government has introduced new policies to suppress housing prices, these policies have not lowered housing prices as expected, but have led to a steady rise in housing prices. For example, one of the policies stipulates that the property exceeding1500 million won must be purchased in full, which is good. The average increase of luxury houses in Gangnam-gu, Seoul is higher than 20%.
Moreover, there is also a regulation that property tax 1.2%~6% is levied on people who own two or more houses. If you buy a house and sell it within one year, you have to pay 70% tax, and if you sell it within two years, you have to pay 60% tax. Although the Korean government's move is to suppress real estate speculators, it has prompted a sharp rise in housing prices.
Korean real estate market
However, there is another reason behind the high housing prices in Seoul, which makes it difficult for people to grab houses, that is, most of these houses are in the hands of Korean chaebol. Most of the government's investment is used by enterprises with aristocratic families, but the Korean government has no right to control the real estate market held by aristocratic families. The Korean government can't order these enterprises to continuously add new properties to meet the needs of the people. On the contrary, due to the high risk and long payback period of investing in industry, these chaebols are happy with the current situation of high housing prices and are in no hurry to build new real estate.
In short, because of Seoul's economic status, the government's unfavorable policies and the control of enterprises, it is hard to find a room in Seoul, which makes the people miserable.