Over Half of People in Their 20s and 30s Disapprove of Government Real Estate Policy [Gallup Korea]

A survey released on July 3 shows that public disapproval of the Lee Jae-myung administration's real estate policy is high, particularly among the younger generation.

Gallup Korea surveyed 1,005 adults aged 18 and older nationwide from June 30 to July 2 regarding their stance on the government's real estate policy. The results showed that 46 percent of respondents said the government is doing a poor job, while 26 percent said it is doing a good job.

The disapproval rate exceeded 50 percent among those in their 20s, 30s, and those aged 70 and older.

In particular, those in their 30s showed the highest disapproval rate across all age groups at 56 percent, while their approval rate was the lowest at 15 percent.

Among those in their 20s, 51 percent evaluated the policy negatively, while only 17 percent evaluated it positively.

For those aged 70 and older, the disapproval rate was 51 percent, and the approval rate was 21 percent.

The most cited reason for negative evaluation of the real estate policy was the failure to curb rising housing prices at 21 percent, followed by restrictions on loan limits at 10 percent, and excessive regulations at 8 percent.

On the other hand, reasons for positive evaluation included efforts to stabilize housing prices at 14 percent, regulations on multi-home owners at 13 percent, and strengthened property taxes and general trust or expectations, each at 6 percent.

The approval rate, which stood at 51 percent in the survey conducted in March, has fallen by nearly half in four months, while the disapproval rate has risen from 27 percent to 46 percent.

Regarding the outlook for housing prices over the next year, 55 percent predicted an increase, while 14 percent predicted a decrease.

Expectations of rising housing prices were also high among those in their 30s at 69 percent and those in their 20s at 68 percent.

Regarding the jeonse system (a lump-sum housing lease system), 54 percent of respondents said it has more advantages and is still necessary, which is higher than the 28 percent who said it should be abolished.

This survey was conducted through telephone interviews using randomly generated virtual numbers.

The margin of error is ±3.1 percentage points at a 95 percent confidence level, with a contact rate of 46.8 percent and a response rate of 10.2 percent.

Further details can be found on the website of the National Election Survey Deliberation Commission.
※ Please note: This article was translated by AI and may contain errors.