<Anchor>



There are many reasons why baby cries are getting less and less.

There are people who say it is because it is difficult to raise children, because it is difficult to make a living.



Reporter Han Sang-woo pointed out how house prices, which have risen sharply in the past five years, have actually had an effect on the fertility rate.



<Reporter>



Young people in their early to mid 20s preparing for social life.



I get frustrated when I only talk about buying my own house.



[Mr. Jeong/Female in her 20s: I think it’s like a dream, but no matter how long you save, the house price will rise as well…

.]



[Mr. Kim / Woman in her 20s: I think I will be able to buy (a house) after saving 30 years.

Now.]



There is also a response that a child would not be able to dream without a house.



[Mr. Lee/Female in her 20s: I have the idea that I don’t want to (birth) when buying and selling (housing) stability is not guaranteed.]



[Jang Jin-woo (24 years old)/College student: I can’t even afford my own house , I think it's very risky to pay the interest on the loan while taking out a jeonse loan and to pay child support, formula, and education expenses.]



In fact, over the past five years, the number of newborns has decreased by nearly 30,000 every year, a 35% decrease, and the period when house prices soared. match.


Enlarging an image


Looking at Seoul alone, the average house price more than doubled from 600 million won at the end of 2016 to 1.24 billion won in five years, while the fertility rate fell from 0.94 to 0.63.



This is consistent with the previous study that if house prices doubled, the fertility rate would decrease by up to 0.3.



It is pointed out that the government will soon announce a plan to supply young people with one-room and small-sized new houses, but it is a housing measure right now, but it is not a fertility measure.



[Kim Gyu-gyu / Director of Asset Succession Research Institute at Korea Investment & Securities: There is still a large gap in the funds needed for young people to expand their homes according to life processes such as marriage or childbirth. Financial and supply measures to lower the housing burden must be strengthened.]



The starting point of countermeasures against low fertility is to provide a stable residential environment suitable for the life cycle of young people, rather than one-time financial support that has already revealed its limitations.



(Video editing: Lee Jeong-taek, VJ: Jeong Young-sam)