The government announced a tax revision plan to increase the tax burden on high-priced houses and owners of unoccupied second homes. As a result, the number of homeowners in Seoul's Gangnam area who are considering whether to sell their house or live in it themselves is increasing. In particular, the strengthening of residency requirements for the long-term holding special deduction is expected to reduce tax breaks when selling high-priced houses. Accordingly, some elderly homeowners are making moves to dispose of their homes during the period when they can apply for tax benefits. However, it is expected that actual transactions will be limited due to the burden of acquisition tax. On the other hand, in areas less affected than Gangnam, significant market changes are not expected.
