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This is likely how the real decline in housing prices will unfold

Machine translated

Stabilizing apartment prices in the metropolitan area must be more than just a real estate policy;
it must be a policy for the national redistribution of population and industry.
Currently, the government is attempting to supply apartments in the metropolitan area
as quickly and as abundantly as possible.
At the same time,
they are proceeding with policies for the national redistribution of population and industry.
This is the correct policy direction.
Ultimately, housing prices
are highly likely to undergo a long period of suppressed growth, stagnation, or a gradual decline.
For example,
if housing prices remain stagnant for five years
while inflation and wages rise by 15–20%,
even if nominal prices remain the same,
the effect will be a corresponding decrease in real housing prices.

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