Government countermeasures announced and Seoul apartment price change Convulsions provided
The Citizens’ Federation for Economic Justice Practice (Gyeongsil-ryon) analyzed that although real estate measures were announced 25 times in the four years since the Moon Jae-in administration was launched, apartment prices in Seoul rose by 500 million won (78%) per unit. During the 44 months of President Moon Jae-in’s tenure, apartment prices fell only five months.
On the 3rd, Gyeongsil-ryeon held a press conference and said, “In May 2017, when the Moon Jae-in administration was launched, the apartment price in Seoul was 21.3 million won per m², but over four years it rose 1665 million won (78%) to 3803 million won in January. As a result of the survey, the average apartment price of 99.17m² (30 pyeong) was 1.14 billion won, up 500 million won from 640 million won.
Only 5 months out of 44 months
According to Kyungsilyeon, the apartment price per m² fell 210,000 won (0.7%) for four months from January to April 2019. However, the price of apartments per m² rose by 4,70,000 won (14%) from May of the same year to April 2020, rising by 300,000 won in two months. Apartment prices, which were on the rise, fell again by 60,000 won (0.2%) as of May after the outbreak of a novel coronavirus infection (Corona 19) last year. The government announced the 5-6 measures, including public participation redevelopment, in the same month, but was criticized for promoting speculation. In fact, the apartment price per m² in the following month soared to 780,000 won (2.4%). From June last year to last January, the m² apartment price rose by 4.97 million won (15%).
The Moon Jae-in administration has implemented real estate measures every two months, including ▶6 times in 2017 ▶5 times in 2018 ▶7 times in 2019 ▶6 times in 2020 ▶once in 2021. “Even if the apartment price fell, the amount rose more than that in one or two months. After a slight decline, there was a surge.” Caused” he pointed out.
Homeless and homeless, asset gap 50 years
The Kyungshilyeon also compared the increase rate of the average wage of workers and the price of a 99.17m² apartment to determine the difference in property between workers and homeowners. As a result, Gyeongsilyeon analyzed that there was a difference of about 100 times. The average wage for workers increased by a total of 2.64 million won (9%) over the two years from 2018 to 2019, with an annual average increase of 1.32 million won.
During the same period, the price of a 99.17m² apartment increased by about 130 million won per year on average. “Assuming that the savings per household is 10 million won per year, it takes 50 years to raise 500 million unearned income resulting from an increase in apartment prices. That is, the gap between homeowners and homeless people will result in a 50-year asset gap.” said.
On the morning of the 3rd, a press conference was held at the auditorium of the Citizens’ Alliance for Economic Justice in Jongno-gu, Seoul. News 1
“Government policy stance should be greatly improved”
Kyungshilyeon argued that the government should significantly improve its policy stance in order to capture the price of a house. “The post-sale system should be fully implemented so that inflated construction costs are corrected, and more than 80% of both public and private are constructed and sold after construction.” “We have to make sure that the housing can be supplied.”
Gyeongsil-ryeon also asked the politicians to reveal the reality of manipulating real estate statistics through state affairs investigations. They said, “According to self-investigation, the actual transaction price manipulation is appearing in all areas of real estate statistics such as land price, house price, apartment price, etc.”
Reporter Kwon Hye-rim [email protected]
