K-사회, 세계 집값 하락 속 한국 부동산 현황은?
Welcome to Issues and Insiders.
Residential real estate in quite a number of countries has reportedly entered a phase of plunging prices for the first time in more than 10 years.
For more I have Professor Kim Yong Jin at Sogang University live on the line.
Professor Kim it's good to have you with us.
I also have Professor Thomas Davidoff at the University of British Columbia joining this session virtually.
Professor Davidoff it's a pleasure.
1) Professor Kim, let's begin with plunging property prices in Korea.
How severe is the situation here?
2) And Professor Davidoff, what can you tell us about falling home prices over in Canada?
3) Professor Kim, what do you believe is behind the plunge in prices of homes here?
4) Professor Davidoff, falling home prices appears to be part of a broader global trend.
That being said, are the reasons for this reality universal as well?
I mean, what are the causes in Canada?
5) Meanwhile Professor Kim, what have been some of the more concerning consequences of this dramatic cooling in housing prices?
6) Professor Davidoff, what have been the rampant repercussions of Canada's declining housing costs?
7) Professor Kim, let's now move onto efforts to counter the consequences of the slowdown in the real estate market.
The Yoon administration has chosen to ease a host of property-related regulations.
Do tell us a bit about them, including your thoughts regarding their impact.
8) Professor Davidoff, Canada, for its part, started 2023 with a two-year ban on residential property purchases by foreigners.
What is the background behind this ban, and how do you assess its impact?
9) Professor Kim, do you suppose a similar ban here in Korea would serve to ease housing concerns?
10) Professor Davidoff, aside from the ban on foreign home ownership, what else do you propose to better tackle Canada's housing challenges?
11) Professor Kim, generally-speaking, what are your prospects with regard to Korea's housing market in 2023?
Do you foresee a further plunge in prices this year?
12) And Professor Davidoff, what is your outlook for Canada this year?
[Is Canada a rental society or is home ownership the norm there?
Germany and Switzerland are firmly rental societies while property ownership is the norm in China and Russia.]
All right.
#House #Real_estate #Arirang_News
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2023-01-09, 14:30 (KST)
