[ad_1]
Last month, apartment rentals increased by 0.12%
On the 28th of last month, sales information such as jeonse, monthly rent, and sale were posted at a real estate agency in Seoul. News 1
The aftermath of the jeonse crisis nationwide is shaking up the monthly rental market, where prices have been relatively stable. In addition to the relatively high level of “sub-monthly rent”, the price of “monthly rent”, which accounts for the majority of the burden on tenants, has recently skyrocketed. Fears of the tax burden on prospective tenants are also growing.
According to the Korea Appraisal Board on the 2nd, the price of apartment rentals across the country increased 0.12% from the previous month, registering the highest increase since June 2015 when related statistics were prepared.
The biweekly rent refers to a relatively high deposit monthly rental house, with a deposit of 12 to 240 times the monthly rent. For example, if the deposit is 100 million won, the rent is between 420,000 won and 8.33 million won per month. The biweekly rental price in Seoul also increased 0.07% last month, reaching the highest rate of increase.
June’s rapid monthly fixed price increase is unusual. This is because this is a home that renters have not preferred for the past year, so the price increase was negligible. In fact, apartment rents nationwide fell from June 2015 to the end of last year. Seoul’s quarterly monthly rent continued to decline until last year, and this year, until last month, it continued to move sideways (0.01%) and decline.
The reason for the increase in quarterly rent is the increase in the price of jeonse. As the new home rental protection law became difficult to find, as the enforcement of the new home rental protection law, the demand increased which became monthly rent. An official from the Korea Appraisal Board said: “In the case of semi-wolf, the price of Sejong and others increased as the price of jeonse increased.”
Semi-rental apartment price increase rate
Beyond the jeonse, the monthly rental shortage is also prominent. Last month, the national trend index of supply and demand for monthly apartment rentals registered 108.4. This is the highest since July 2015, when relevant statistics began to be written.
The higher the trend index of supply and demand, the greater the demand than the supply. In particular, Seoul had 120.1, which was the shortest rent between cities and provinces.
Because of this, since there is almost no deposit, the monthly rent is increasing. The rental price of apartments nationwide, with no deposit or less than 12 times the monthly rent, rose 0.03% compared to the previous month, and continued to rise for two consecutive months.
This was the first time in September this year that the monthly rental price nationwide showed a positive increase. Monthly rent in Seoul also increased 0.02% last month, increasing after 19 months since March last year.
Increasing the monthly rent is fatal to the stability of residential housing. According to a housing survey published by the Ministry of Lands, Infrastructure and Transport in June, 36.7% of low-income households last year lived on a monthly rent. This is 13.7 percentage points higher than the monthly rental rate (23%) among all households.
On the other hand, the jeonse’s ascent weakened. Last month, apartment rents nationwide increased 0.71% from the previous month, a decrease of 0.1 percentage points from the previous month. An official from the Korea Tax Board explained, “The increase in jeonse continued due to the influence of the new leasing law, but the scope of the increase was reduced due to the influence of the Chuseok holiday.”
Gangjin-gu reporter [email protected]
Subscribe to the Hankook Ilbo News Naver channel
Balance to see the world, the Hankook Ilbo Copyright © Hankookilbo
[ad_2]
