Public real estate forum hears calls to ease loan curbs

A public forum aimed at gathering opinions on real estate policy saw strong calls for deregulation, including the easing of loan restrictions. The event, held on August 14, focused on increasing housing supply, with participants advocating for measures to stimulate private redevelopment and reconstruction projects.

During the discussion, hosted by the Ministry of Land, Infrastructure, and Transport, attendees emphasized that relaxing financial regulations, such as the loan-to-value ratio (LTV), is crucial for activating the housing market. This sentiment was echoed by various stakeholders, including academics, industry representatives, and ordinary citizens, including newlyweds.

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To revitalize supply, we must ease loan regulations.

The forum is the first in a series of ministry-led discussions scheduled between August 14 and 16, covering supply, loans, and taxes. These sessions are intended to gather diverse perspectives ahead of a larger national real estate debate scheduled for August 23, which President Lee Jae-myung is expected to attend. The ministry aims to collect public input to shape future housing policies aimed at stabilizing the housing market and ensuring residential stability for the public.

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We need to restore the housing supply pipeline.