Capital Gains Tax Surcharge Concerns Cut Low-Priced Listings, Lift Asking Prices

The possible return of a capital gains tax surcharge is changing property listing behavior. According to hankyung.com, growing concern over the measure has led to fewer low-priced listings in the market, while some homeowners have raised their asking prices. The surcharge is a tax factor that can affect selling decisions by owners such as multi-home holders, making both listing timing and price-setting sensitive. The latest shift is being read as sellers, conscious of potential tax burdens, withdrawing cheaper listings or adjusting prices upward. Whether the shortage of lower-priced supply and firmer asking prices continue will depend on actual policy changes and how market participants respond. Source: hankyung.com