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2025 Ongoing

Lee Jae Myung Administration's Real Estate Policy and Housing Market Response

This issue tracks major real estate measures introduced by the Lee Jae Myung administration in response to housing prices, household debt, rental-market conditions, and housing supply. It covers the June 2025 household-debt restrictions focused on the Seoul Capital Area, subsequent supply and market-stabilization measures, and the 2026 push to accelerate housing supply and adjust related rules.

18 events · 28 sources · Updated 23 days ago

Timeline

Issue timeline

2026
CORE EVENT

Seoul's gain slows to 0.21% as Gangnam and Seocho turn negative

YTN report on Gangnam and Seocho turning negative while northern Seoul districts remained strong

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Seoul continued to rise overall, but Gangnam and Seocho fell for the first time in 14 and 16 weeks, respectively. Seoul apartment prices rose 0.21% in the week ending August 10, with the pace slowing by 0.05 percentage points. Seocho fell 0.04% and Gangnam 0.02%, marking their first weekly declines in 16 and 14 weeks. At the same time, several lower-priced northern districts continued to rise.

CORE EVENT

Government Announces Rapid Housing-Supply Measures to Stabilize Rental and Sales Markets

KBS field video of the August 13, 2026 announcement of rapid housing-supply measures and comprehensive financial measures for real estate stability

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The government announced measures to accelerate housing supply, including additional capital-region supply and financial support. The package sought additional supply capacity, expanded financing and project-finance guarantees, and aimed to bring construction and occupancy dates forward, alongside financial market-stabilization measures.

Seoul's gain widens to 0.29% as northern districts surge despite weakness in Gangnam and Seocho

Strong gains in northern and mid-priced districts pushed Seoul's overall weekly increase higher. Seoul apartment prices rose 0.29% in the week ending August 24, up from 0.22% the previous week. Jungnang, Seongbuk, Gangbuk, Dobong and Nowon posted gains above 0.5%, while Gangnam and Seocho remained weak for a third consecutive week. The result highlighted a pronounced geographic divergence within the market.

CORE EVENT

Seoul apartment prices rise for an 84th consecutive week as the pace slows for a third week

YTN report on Seoul apartment prices rising for 84 consecutive weeks while overall gains slowed amid weakness in Gangnam

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Seoul remained in a prolonged uptrend, but overall weekly growth slowed to 0.16% amid declines in the Gangnam 3 districts. Seoul apartment prices rose 0.16% in the week ending September 14, extending the run of weekly gains to 84 weeks. The pace of increase had slowed for three consecutive weeks. Gangnam and Seocho were down for a sixth week and Songpa for a second, while several mid-priced and outer districts continued to record strong gains.

Owner-Occupancy Deferral in Land-Transaction Permit Zones Extended Through End-2027

The government extended the application deadline for owner-occupancy deferrals through December 31, 2027 and recognized renewed leases. The ministry extended the application deadline through the end of 2027 and added lease renewals as a qualifying reason, while retaining the buyer no-homeownership condition and two-year occupancy duty.

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