(EDITORIAL from The Korea Herald on June 18) (opens original article in a new tab)

Rising jeonse prices in Seoul are making homeownership harder for ordinary households, as supply decreases due to multi-home owners selling properties to avoid higher taxes, prompting government policies that may worsen housing market anxiety.

• Jeonse prices in Seoul rose 1.15% in May, the highest since April 2015
• Multi-home owners selling properties due to higher capital gains taxes reduced jeonse supply
• Lee Jae Myung's government tightened lending rules and raised capital gains taxes to curb real estate speculation