Housing Policy
Lee Jae-myung says real estate policy reclaims unfair privileges from speculation
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President Lee Jae-myung stated on February 14 in a post on social media platform X that his administration's real estate policies aim to reclaim unfair privileges from speculation and investment. He emphasized protecting homeowners using properties for living while highlighting harm caused by multiple homeowners' speculative practices. The main opposition party criticized the remarks as intimidating the real estate market.
In 2023, Sweden's enforcement authority evicted 3,330 people from their homes, the highest number in nearly two decades and since records began in 2005. The figure affected 824 children, with reports highlighting rising homelessness among those without social issues. Politicians are urging reforms to reverse the trend.
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President Lee Jae Myung has urged multiple home owners to sell via social media, labeling real estate speculation as leading to 'national ruin.' The government is considering ending the grace period for punitive capital gains taxes on May 9, while housing supply plans face delays. Experts argue that legislation and follow-up measures matter more than harsh rhetoric.