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It is the government's intention to end the vicious cycle of high pre-sale prices, which raises the prices of neighboring houses.

However, there are some arguments that the sale price will be reduced in the long run as the supply will be lowered due to the cap on the upper limit.

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There was a time when the price limit was applied to private apartments. 2008 through 2013.

Prior to that time, an average of 400,000 households were licensed a year in the country, but during this period the supply was clearly reduced to just over half to 20 to 300,000 households.

At first glance, the supply of capping makes sense. But at the time, there was another factor: the financial crisis.

Housing demand, capacity to invest, sentiment, and all are shrinking, and some are claiming that this is because of capping.

At that time, the supply of housing had been restored since 2010 with the home nest policy.

In 2008-2013, when the ceiling was enforced, the price of houses in Seoul rose 5.31%, while apartment prices that had been capped fell 1.32%.

The government's willingness to supply is important, and the ceiling on the sale price has some effect on stabilizing apartment prices.

The reconstruction apartments are sold more for investment and speculation than real ones, and because of the high sale price at the root cause, the sale price limit card came out.

The rally led by the reconstruction complex is unacceptable, and will directly hit the reconstruction complex.

Now, what matters is how effective the government's plan to supply 1 million units nationwide by 2022 will be.

There are some opinions that the pre-sale cap will increase house prices in the long run, but we need to be careful whether house prices could rise further due to strong loan regulation and the global economy and our economy.