Supply of homes in S. Korea to increase after 2022: Finance Minister
Updated: 2021-06-17 13:27:00 KST
South Korea's finance minister said today that he thinks the effects of the government's new policy to boost the supply of homes will be felt more clearly from next year.
Hong Nam-ki said at meeting on real estate policy that there's been a rise in the construction of new housing since last month.
This year, in total, he said, there'll be around 460-thousand new units, with 83-thousand of them in Seoul.
In fact, that's around the yearly average over the last ten years.
The government also aims to bring prices down, but they've been rising recently and fewer properties have been changing hands.