[ad_1]
There is a growing voice of criticism about the pregeneration policy announced by the government on the 19th. It was a plan to free 114,000 homes from public rental housing by 2022. To secure the amount rented, it means securing a home by renovating multiple homes and hotels but this is not realistic. The content of the positive comments from passport staff, including the Minister of Lands, Infrastructure and Transport, Kim Hyun-mi, is also on the cutting board.
Ordinary people who suffered from the jeonse crisis are buying houses on the outskirts of Seoul. Gangnam’s total price exceeded 2 billion won for midsize vehicles. In the middle of this, the bill for the comprehensive property tax (deposit tax) was sent, shaking the market again. The number of people subject to government tax payments has increased by 100,000 in one year and new apartments have been added. Today we will deliver news related to the real estate sector.
◆ “Fine, no taxes” … Tax pump up to double high
This is the first news. The ‘bomb’, the tax tax, has become a reality. Not just multiple homeowners and high priced homeowners, but single home apartment owners in Gangbuk, Seoul. The IRS has been sending out this year’s tax bill since the 20th. As the electronic notification can be confirmed immediately, the tax increase is being observed everywhere. Responses such as “The rent is the same, but only the taxes to pay have increased”, “It is a fine, not a tax” and “Is it rent in the field?”
This year, the amount of tax to be paid is between 700,000 and 800,000. The number of people increased from 100,000 to 200,000 compared to 595,000 last year. Tax revenue is also expected to record 4 trillion won, which is more than last year (33,471 million won), which was the largest ever. In Seoul, most regions are taxed. If the sum of publicly advertised house prices exceeds 600 million won (900 million won per home), it is taxable. The number of apartments with an official price of 900 million won or more in Seoul (based on one owner) increased from 20,3174 last year to 28,1033 this year. Only six of the 25 districts in Seoul, including Geumcheon-gu, are known to have no taxable apartments.
◆ House prices went up and health care rates went up.
As home prices rise, so does the burden of health insurance premiums. According to data released by the National Health Insurance Service, ‘Health Insurance Rate Adjustment Results for Local Subscribers’, the health insurance rate for local subscribers for November increased by an average of 8,245 won (9.0 %) per household compared to the previous month. This is the largest increase since the statistics related to 2009. The rate of increase was the highest since 2018 (9.4%). Changes to health insurance rates will be announced to households this week.
The rate of increase in insurance premiums for local subscribers was around 4-5% each year, including 5.1% in 2015, 4.9% in 2016, and 5.4% in 2017. Without However, the growth rate increased 9.4% in 2018 and 7.6% last year. This is because the house price has gone up a lot. The tenure tax based on the published price has increased rapidly and the health insurance rate is also increasing. Among retirees with negligible income, “the burden of health insurance is too high” is protesting.
◆ Apartment transaction volume in Seoul recovered after 4 months … I bought it from ‘Nodogang’
According to the Seoul Real Estate Information Plaza, apartment transactions in Seoul in October reached 4,021, an increase of 6.6% from September (3,771). The volume of apartment transactions in Seoul soared to 15,615 in June amid panic buying (panic buying), then declined from July. Then it rebounded again last month, surpassing 4,000 cases. Transactions increased mainly in places where there are many medium to low priced apartments, such as No, Do, Gang (Nowon, Dobong, Gangbuk) and Jungnang-gu. Gyeonggi-do also saw an increase in apartment sales in four months. According to the Gyeonggi real estate portal, the number of apartment transactions in Gyeonggi-do in October was 17,105, an increase of 3,500 (25.7%) from September (13,605). Gyeonggi-do, like Seoul, has declined since the peak of trading volume (34,872 boxes) in June and then rebounded.
◆ Gangnam is the era of 2 billion money
Due to the continuing shortage of jeonse, the rent for an 84m2 apartment with a dedicated area exceeded 2 billion won in the Gangnam area of Seoul. According to the actual transaction pricing system of the Ministry of Land, Infrastructure and Transportation, ‘Acro River Park’ (84 in) in Banpo-dong, Seocho-gu, Seoul was chartered for 2 billion won (3rd floor) on the 15th. In early July, the contract was signed for 1.5 billion won (second floor), but 500 million won in four months. The 84㎡ rental price of the Daechi-dong Raemian Daechi Palace was traded for 2.22 billion won last month. This is the highest price among the exclusive 84m2 apartments nationwide. The highest price on the jeonse immediately before this type of house was 1.7 billion (August 5). However, within three months, the price of jeonse jumped close to 400 million won.
You can easily listen to Sik Hutin Real Estate through “audio” on the Korea Economic Daily website, mobile device and app.
