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Housing market in Korea : Recent trends & future financial policy directions

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Frame of Image rice Trends B. Analysis of the Rationality of Housing Price Levels Ⅲ. Causes of the Recent Rise in Housing Prices A. Cause of Overall Rise in Housing Prices B. Cause of Rising Housing Prices in Gangnam and Certain Regions Ⅳ. Characteristics of Periods of Rising Housing Prices in Korea A. Comparing the Last Housing Price Surge (2005-2006) with the Present B. Characteristics of Periods of Rising Housing Prices in Korea Ⅴ. Housing Prices: Outlook and Future Financial Policy Directions A. Housing Price Outlook B. Future Financial Policy Directions
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Housing Market in Korea: Recent Trends & Future Financial Policy Directions
[ Summary ]
○ H o u s in g prices in Korea have stabilized recently following a tightening of financial regulations, but low interest rates, abundant liquidit y, sentiment that property prices will rise, expectations of economic recovery, and improving financial markets should all work to put upward pressure on prices. - Past cases indicate that the effectiveness of financial regulatory polic y at restraining housing prices tends to be short-term and limited.
○ When upward pressures are ignored, housing prices can soar from a 'diffusion of expectations of rising prices expanding demand' phenomenon, which brings the potential for stirring social unease by exacerbating class conflict and lowering faith in policies.
○ To promote stable housing prices, it is desirable to phase in suf ficient alternative policy


Full Text
Title Housing market in Korea
Similar Titles
Sub Title

Recent trends & future financial policy directions

Material Type Reports
Author(English)

Chang, Min; Lee, Kyoo Bok; Lim, Hyungjoon

Publisher

Seoul:Korea Institute of Finance

Date 2010-04
Series Title; No Finance VIP Series
Pages 39
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Territorial Development < General
Holding KIF; KDI School