Realistic Public Price Adjustment, 'Disagree' 51.2% vs 'Agree' 40.7%

[Asia Economy Reporter Kang Nahum] About half of the public do not agree with the government and ruling party's plan to raise the official real estate prices, including apartments, to about 90% of the market price by 2030.

According to a survey conducted by Realmeter on behalf of YTN's "The News" regarding the ruling party's plan to adjust official real estate prices, 51.2% responded "do not agree," which was higher than the 40.7% who responded "agree." Those who answered "not sure" accounted for 8.0%.

By region, more respondents in the Seoul metropolitan area (agree 39.8% vs. disagree 52.6%) disagreed with the plan. In non-metropolitan areas (41.7% vs. 49.9%), opinions were evenly split. Specifically, about half of residents in Incheon-Gyeonggi (38.2% vs. 54.2%), Daegu-Gyeongbuk (40.3% vs. 54.0%), and Gwangju-Jeolla (38.8% vs. 52.9%) expressed disagreement with the official price adjustment plan. In Seoul (42.5% vs. 50.0%), Busan-Ulsan-Gyeongnam (43.4% vs. 47.5%), and Daejeon-Sejong-Chungcheong (44.8% vs. 45.5%), responses were closely divided.

Responses varied by housing ownership type. Among homeowners, 39.5% agreed while 54.2% disagreed, showing a negative reaction to the official price adjustment plan. Meanwhile, among tenants living under jeonse (long-term lease) agreements (agree 41.8% vs. disagree 50.0%) and monthly or daily rent tenants (41.3% vs. 44.9%), opinions were evenly split.

Responses also differed by age group. Those aged 70 and above (agree 30.8% vs. disagree 57.8%), in their 60s (36.2% vs. 57.3%), 30s (37.9% vs. 53.0%), and 20s (40.6% vs. 51.4%) showed more disagreement than agreement. In the 50s (44.0% vs. 49.1%) and 40s (50.0% vs. 42.8%), the responses were nearly balanced.

By ideological inclination, results contrasted between conservatives and progressives. About 68.4% of conservatives, roughly 7 out of 10, disagreed, whereas about 62.5% of progressives, roughly 6 out of 10, agreed.

This survey contacted 7,363 adults aged 18 and over nationwide, with a final 500 respondents completing the survey, resulting in a response rate of 6.8%. The sampling error is ±4.4 percentage points at a 95% confidence level.

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