As academic interest in the determinants of political orientation increases, attempts to reveal the relationship between real estate assets and political orientation are increasing. In particular, the study of political tendencies in connection with real estate will have important implications, considering the peculiarity of Korea, where most household assets are composed of real estates.
The empirical results obtained from the National Survey of Tax and Benefit (2016–2019 waves) reveal that homeowners are 1.15 times more conservative in their political orientation. In addition, the political conservative tendency strengthened as the number and the price of houses owned increased. Considering the recent increase in the home ownership rate and housing prices, this study suggests that the political orientation of the people becomes more conservative. However, our study is the first attempt to address this topic; therefore, further research is needed to provide more in depth implications for real estate-related political orientation.