[Polpol News] 53% Say "October 15 Real Estate Measures" Ineffective vs 37% Effective

53% Say October 15 Real Estate Measures Will Be Ineffective
President Lee Jaemyung's Approval Rating Holds at 56% for Second Consecutive Week
Democratic Party at 39%, People Power Party at 25% in Party Support

A public opinion survey found that a majority of respondents believe the October 15 real estate measures will be ineffective. More than half of those surveyed also supported the idea of lowering transaction taxes while increasing property holding taxes, drawing attention.

According to the National Barometer Survey (NBS) conducted by Embrain Public, KSTAT Research, Korea Research, and Hankook Research from October 27 to 29, 2025, through mobile phone interviews with 1,001 men and women aged 18 and older nationwide (margin of error: ±3.1 percentage points at a 95% confidence level, response rate: 16.7%), 53% of respondents said that the October 15 real estate measures-which designated all areas of Seoul and 12 regions in Gyeonggi Province as speculative zones and land transaction permit zones and tightened mortgage loan conditions-would be 'ineffective' (not at all + not very effective). Meanwhile, 37% said the measures would be 'effective' (very + somewhat effective).

On the 27th, apartment prices in Mapo and Seongdong districts of Seoul were announced to have risen at the largest rate since related statistics began to be published in 2013. The expectation that Seoul apartment prices will continue to rise is projected to sustain the upward trend for the time being. The photo shows a panoramic view of apartment complexes in downtown Seoul as seen from Namsan, Seoul. 2025.06.27 Photo by Dongju Yoon

NBS noted, "Among those in their 40s and 50s, positive and negative assessments were similar, but in all other age groups, negative assessments were higher."

Regarding real estate prices, 30% of respondents expected prices to rise, 15% expected them to fall, and 49% anticipated no change.

When asked about the causes of instability in the real estate market, respondents identified speculative demand as a bigger problem than supply shortages. Specifically, 69% said "excessive speculative demand is a relatively bigger issue," while 22% pointed to "housing supply shortages as a relatively bigger issue."

Regarding the proposal to lower transaction taxes and raise property holding taxes, 52% of respondents said they 'support' it, while 36% said they 'oppose' it.

As for President Lee Jaemyung's job performance, 56% gave a positive assessment, the same as two weeks ago. The negative assessment was also unchanged at 35%. In terms of party support, the Democratic Party of Korea received 39%, while the People Power Party received 25%. Support for the Democratic Party was unchanged from two weeks ago, while support for the People Power Party rose by 2 percentage points. The Cho Kuk Innovation Party and the Reform New Party each received 3% support.

For more detailed information about the public opinion survey, please refer to the website of the National Election Survey Deliberation Commission.

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