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After the implementation of the new leasing law, the jeonse was severe … with some acquisitions
Balloon effect every time a measure comes out … I can’t help the rise in house prices
[앵커]
This year, the real estate market rose about 5% despite subsequent high-intensity government regulations, showing the highest growth rate in nine years. The balloon effect of the buying trend was repeated, shifting to less regulated regions, and the liquidity overflow triggered a jeonse crisis and house prices rose across the country. Reporter Shin Yoon-jung reports. Since the beginning of the year, the government’s willingness to pay for a home was determined. The housing market earlier this year was relatively quiet following the 12/16 measures late last year that completely banned apartment loans worth more than 1.5 billion won. However, as the risk of the Corona 19 pandemic mounted, the Bank of Korea lowered its benchmark interest rate twice in March and May, and the mood has changed little by little since then. Abundant circulating funds flowed into the real estate market and the buying trend was rekindled, focusing on Seoul’s mid-priced and low-priced apartments and the less-regulated metropolitan area. Consequently, the government has followed through with the June 17 measures, which designated most of the metropolitan area as regulated areas, the July 10 measures to increase various property taxes, and the August 4 measures to supply 130,000 households. in the metropolitan area. However, the market, which has become resilient due to frequent regulations, has rarely found a stable trend, and the apartment buying trend, focused on young people aged 30 and over, has heated up. There were even several new words like “panic buying”, which means you can’t buy a house now, and “soul buying,” meaning you live with your soul. Furthermore, as the new leasing law, which came into effect in August, skyrocketed the price of jeonse, decreased jeonse, and caused a serious jeonse crisis, the number of people who preferred to “buy a home” increased. As a result, house prices in Seoul, the metropolitan area and local areas have skyrocketed, and this year, the national house price rose 5%, the highest rate in 9 years. Various regulatory measures and sourcing measures were spilled, but it was not enough to catch the flames of the fierce market on fire, and the balloon effect brought tail to tail, resulting in an awkward ending. YTN Shin Yoon-jung[[email protected]]is.