Next year's official real estate price is expected to be calculated by reflecting only changes in real estate prices without an artificial increase in the market price reflection rate.
The Ministry of Land, Infrastructure and Transport reported at today's Cabinet meeting the "plan to revise the realization plan for the disclosure of real estate prices in 25 years."
The Ministry of Land, Infrastructure and Transport has decided not to apply the Realization of Real Estate Disclosure Price plan next year, which aims to raise the declared value every year to 90% of the market price by 2035.
Therefore, as originally scheduled, the market price reflection rate, which was scheduled to rise to 78.4% next year, will be maintained at 69%, the same as this year, and standard housing will be maintained at 53.6% without an increase.
The Ministry of Land, Infrastructure and Transport said that if the market price reflection rate is raised as originally planned, holding taxes and levies will increase and welfare benefits will be reduced, adding to the economic difficulties.
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