Seoul Rent Renewals Surge following October 15 Housing Measures
Seoul,south Korea - November 24,2025 – The proportion of monthly rent renewals in Seoul has risen sharply following the implementation of the “10/15 measures” designed to stabilize the housing market,according to a report by dong-A Ilbo. Tenants are increasingly opting to renew existing leases rather than seek new accommodations,citing difficulties in securing loans and disruptions to relocation plans.
The October 15th policy changes, intended to curb speculative real estate investment, have inadvertently created hurdles for both renters and prospective homebuyers. The increased difficulty in obtaining mortgages, coupled with uncertainty surrounding future housing costs, is leading many Seoul residents to remain in their current rental properties. This trend impacts a significant portion of the city’s population, potentially exacerbating existing housing supply challenges and influencing rental price dynamics in the coming months.
The Dong-A Ilbo report details the growing trend,illustrated by user reactions to an online poll accompanying the article. The poll presented users with emotion buttons to express their feelings about the situation, including options like “happy,” “sad,” “angry,” and “worried.” As of today, November 24, 2025, the poll shows:
- I’m happy
- 0dog
- I’m sad
- 0dog
- I’m worried
- 0dog
- I’m angry
- 0dog
