The government took out the property tax strengthening card... The effect of increasing listings is 'half and half'
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Apartments in Jung-gu, Seoul.
Apartments in Jung-gu, Seoul. Reporter Lee Jun-heon As discussions on tax reform, including the real estate ownership tax increase, are in full swing under the government, there are mixed views in the market regarding the effect of increased listings. While there is an expectation that as the tax burden increases, properties may be put up for sale, especially among some elderly people, there is also a counterargument that, as in past cases, 'holding out' may occur due to tax resistance. After strengthening the property tax, it has the effect of inducing listings...
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