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Slumping property markets hurt consumer sentiment: poll
제목 없음
More than 40 percent of South Koreans living in Seoul and its adjacent areas
believe their consumer confidence has been weakened due to slumping property
markets and a rise in housing rental prices, a poll showed Sunday.
According to the Korea Chamber of Commerce and Industry (KCCI), 41.3 percent of the 1,015 Koreans surveyed feel their consumer confidence has been negatively affected by those two issues.
The poll also showed that 55.6 percent of the respondents picked a rise in key money for rental costs, known as "jeonse," and moving to a new house as the biggest worries related to housing.
Difficulties in selling homes due to sluggish transactions ranked second at 20 percent, followed by rising burdens to service debt at 16.3 percent, the survey showed.
South Korea has a unique rental system called jeonse, under which a tenant leases a home for two years by paying a lump-sum deposit instead of paying monthly rent.
The government unveiled measures on May 1 to provide support to local builders and actively dispose of soured construction loans in a bid to boost the sluggish construction sector.
"Despite the government's efforts to revive the property markets, people have yet to feel the positive effects of a set of supportive measures," said an official at the KCCI.
Date
2011.06.13
According to the Korea Chamber of Commerce and Industry (KCCI), 41.3 percent of the 1,015 Koreans surveyed feel their consumer confidence has been negatively affected by those two issues.
The poll also showed that 55.6 percent of the respondents picked a rise in key money for rental costs, known as "jeonse," and moving to a new house as the biggest worries related to housing.
Difficulties in selling homes due to sluggish transactions ranked second at 20 percent, followed by rising burdens to service debt at 16.3 percent, the survey showed.
South Korea has a unique rental system called jeonse, under which a tenant leases a home for two years by paying a lump-sum deposit instead of paying monthly rent.
The government unveiled measures on May 1 to provide support to local builders and actively dispose of soured construction loans in a bid to boost the sluggish construction sector.
"Despite the government's efforts to revive the property markets, people have yet to feel the positive effects of a set of supportive measures," said an official at the KCCI.
Source: Yonhap News (June 12, 2011)