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2 clusters · 14 sources · 13 days · First seen · Last updated

Seoul real estate market and taxation trends

Overview

Analysis of the Seoul real estate market indicates high returns and significant implications for taxation and household asset allocation. Projections suggest that if apartment prices in Seoul rise by 11% annually, the reach of the Comprehensive Real Estate Tax could expand significantly by 2030, potentially covering almost the entire city and increasing tax revenue nearly ninefold.

Research from the Korea Capital Market Institute shows that Seoul real estate has yielded an average annual after-tax return of 11.6%, outperforming both the S&P 500 and the KOSPI. This high performance contributes to a situation where approximately 65% of South Korean household assets are concentrated in real estate.

To encourage a shift toward productive finance, experts recommend reducing the real estate share of household assets to 50% over the next decade. Proposed measures to facilitate this transition include tax reforms, adjusting property holding taxes, and providing incentives to move capital from real estate into financial investment products.

Entities

Seoul · Shin Dong-wook · Moon Jin-seok · Lee Hyo-seop · KB Kookmin Bank

Timeline

  1. 3 days ago

    [BUSINESS] 2 sources
    Seoul real estate outperforms KOSPI and S&P 500 with 11.6% annual return

    Seoul real estate yielded an 11.6% annual after-tax return, outperforming the KOSPI and S&P 500. Experts urge tax reforms to shift household wealth from property to capital markets.

  2. 15 days ago

    [BUSINESS] 13 sources
    Seoul property tax and minor rental income trends

    Seoul's property tax coverage may expand to 22 districts by 2030 if prices rise, while over 3,000 minors reported rental income in 2024, often through early inheritance.

Sources

biz.heraldcorp.com · blockchainseoul.kr · byline.network · english.hani.co.kr · hani.co.kr · imaeil.com · kyeonggi.com · mbn.co.kr · mbn.mk.co.kr · namdonews.com · news.donga.com · newstomato.com · sisajournal.com · womennews.co.kr