Lee raises concerns over regulation allowing large-scale home purchases for rental

▲ This image, captured from X, formerly Twitter, on Feb. 8, 2026, shows a post by President Lee Jae Myung on housing policies. (PHOTO NOT FOR SALE) (Yonhap)

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Lee raises concerns over regulation allowing large-scale home purchases for rental

SEOUL, Feb. 8 (Yonhap) -- President Lee Jae Myung on Sunday voiced concerns over the country's housing regulation that allows people to buy homes on a large scale for rental, as the government is set to end tax breaks for multi-homeowners to stabilize the overheated property market in the Seoul metropolitan area.

In recent weeks, Lee has posted a series of messages on his social media account calling for measures to curb home prices, ahead of the planned end of a heavy capital gains tax exemption for multi-homeowners in May.

"I understand cases where housing is built specifically for rental purposes but it makes little sense that people can buy as many homes as they want simply by registering as rental business operators," Lee wrote on X.

"If individuals are allowed to buy hundreds of houses, shortages are inevitable even if we build tens of thousands of homes," he added.

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