Half of the Nation Says "6·17 Real Estate Follow-up Measures Will Have No Effect"

[Asia Economy Reporter Kang Nahum] As instability in the real estate market continued following the June 17 real estate measures, President Moon Jae-in personally stepped in to order the preparation of follow-up measures. However, it was found that about half of the public believes the follow-up actions will be 'ineffective.'

According to a survey conducted by Realmeter commissioned by YTN's "The News," the response that the follow-up measures to the June 17 real estate policy would be 'ineffective' accounted for 49.1% as of the 6th. Those who responded that the measures would be 'effective' accounted for 36.8%, while 14.1% answered 'don't know.'

The response of 'ineffective' was high not only in Daegu-Gyeongbuk (TK) and Busan-Ulsan-Gyeongnam (PK) but also in the centrist-leaning Daejeon and Chungcheong regions. In particular, even in Seoul and other metropolitan areas, the follow-up real estate measures were viewed negatively.

Specifically, negative evaluations were 66.2% in TK and 60.0% in Daejeon-Sejong-Chungcheong, both higher than the overall average. This was followed by PK at 56.9%, Gyeonggi-Incheon at 47.8%, and Seoul at 47.0%, all responding that the measures would be ineffective.

This appears to stem from the perception that real estate regulations in the metropolitan and Chungcheong areas are excessive. Earlier, on the 17th of last month, the Ministry of Land, Infrastructure and Transport announced real estate measures designating the western half of the metropolitan area?including Incheon, Goyang, Suwon, and Gunpo in Gyeonggi Province?as well as Daejeon and Cheongju as regulated areas such as adjustment zones and speculative overheating districts. As a result, a balloon effect occurred in areas excluded from regulation, causing rapid price increases.

Fatigue from frequent policy measures also seems to have played a role. The Moon Jae-in administration has issued 22 real estate policies, but they have failed to produce significant effects and have only exacerbated side effects.

On the other hand, in Gwangju and Jeolla, which were relatively free from regulations, 67.3% responded that the measures would be 'effective,' showing a contrast with other regions.

By age group, those in their 20s and 60s showed over 50% responding 'ineffective.' In the 30s, 40s, and 50s age groups, opinions on the effectiveness of follow-up measures were evenly split.

By ideological inclination and party support, conservative and United Future Party supporters responded 'ineffective' at rates of 66.2% and 82.6%, respectively. Progressive and Democratic Party supporters responded 'effective' at rates of 57.7% and 65.7%, respectively.

This survey contacted 8,900 adults aged 18 and over nationwide, with a final 500 respondents completing the survey, recording a response rate of 5.6%. The sampling error is ±4.4 percentage points at a 95% confidence level.

This content was produced with the assistance of AI translation services.