President Lee Jae Myung reaffirmed his commitment to reining in South Korea's overheating housing market on May 6, 2026. He called real estate market normalization an inevitable trend and a key national policy task. Lee shared the remarks on his X account alongside an article forecasting a downward trend in house prices.
President Lee Jae Myung on Wednesday shared a news article on his X account forecasting a downward trend in house prices, citing predictions by real estate experts and agencies. "The normalization of the real estate market is an inevitable trend of the time, as well as a key policy task for the country that must be accomplished," the president said.
"Invincibility of real estate? There will no longer be such a myth," he warned.
Reining in runaway real estate prices has been a key policy priority for the Lee administration. In February, the president listed his privately owned apartment in Seongnam, south of Seoul, for sale in a demonstration of his commitment to curbing the housing market.
