Lee Jae-myung, Lee Nak-yeon, and Chu Mi-ae Say "Housing Prices Have Peaked"... Park Yong-jin Says "They Will Rise Further"

[Image source=Yonhap News]

[Asia Economy Reporter Koo Chae-eun] The Democratic Party presidential primary candidates Lee Jae-myung, Lee Nak-yeon, and Choo Mi-ae evaluated that current housing prices have peaked. Candidate Park Yong-jin expressed a different opinion, stating that housing prices will rise further due to supply shortages.

On the 30th, during the Democratic Party presidential primary candidates' TV debate hosted by TV Chosun, when asked, "Do you think the current housing prices have essentially reached their peak and it is a good time to sell?" candidates Lee Jae-myung, Lee Nak-yeon, and Choo Mi-ae held up 'O' signs. Only candidate Park Yong-jin held up an 'X' sign.

Candidate Lee Nak-yeon said, "Whether it is now or in the near future, many forecasts suggest that real estate prices will not rise indefinitely," adding, "The current liquidity situation will not continue. Considering that monetary policy will also change, the rise in real estate prices will not persist."

On the other hand, candidate Park explained, "Looking at the current moment, supply itself is not happening, and although supply plans have been announced, there is almost no detail on how the supply will be implemented," and "In this regard, the increase in real estate prices due to supply shortages is inevitable."

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