Issue Focus

This study analyzed the housing market changes and policy responses in Germany, the UK, and Finland. Through this, policy implications for Korea are confirmed. German house prices have risen by 81.3% over the past decade. Even with the rent control policy, rents have risen. The government is implementing housing supply policies through a consultative body that includes various participants. Although this method is helpful in reconciling social conflicts, the actual supply effect is slow and the demand for additional support is high. House prices in the UK have also skyrocketed in recent years. The main cause of housing supply failure was diagnosed with the planning system based in 1947. A fundamental reform plan for planning after 2020 is under discussion. Finland's abolition of the rent control policy in the early 1990s has led to an increase in the supply of private rental housing. Finland is classified as a country with relatively stable housing market in Europe. During the supply period of 2.5 million units, Korea also needs to achieve both the advancement of the housing industry and response to the future. Regulation is carried out by the government alone, while supply is carried out by systems and industries. Supply expansion policies can be effective when the system is improved and various market participants cooperate organically. As in Germany and the UK, public goals for future responses such as smart construction and zero-energy response must also be achieved.