[스타트 경제] 성북·노원·중랑구 등 외곽지 집값 강세...서울 중위 집값 8억 돌파 / YTN

■ Host: Anchor Jo Tae-hyun ■ Guest: Seok Byeong-hun, Professor of Economics at Ewha Womans University The text below may differ from the actual broadcast content. Please refer to the broadcast for more accurate information. When citing, please specify [YTN NewsSTART]. [Anchor] Seoul apartment prices rose again last month. What stood out was the weakness in the Gangnam area and the extreme strength in the mid-range areas. Today, we are joined by Professor Seok Byeong-hun from the Department of Economics at Ewha Womans University. Just a moment ago, while discussing last month's data from the Korea Real Estate Institute, I mentioned that Gangnam was undergoing a correction while the mid-range areas were showing extreme strength. Is that correct? [Sak Byeong-hun] That is how it appears right now. This is due to two reasons. First, under the tax reform plan, the burden of property tax increases significantly for apartments priced at 4 billion won or more. However, since 78% of apartments priced at 4 billion won or more are concentrated in Seocho-gu and Gangnam-gu, the number of properties for sale has increased in these districts to avoid the property tax burden. Consequently, housing prices in these areas are showing a downward trend. On the other hand, due to loan regulations, loans of up to 600 million won are only available for homes priced at 1.5 billion won or less. Therefore, you can see that prices are rising in Seongbuk-gu and Nowon-gu, where apartments priced below 1.5 billion won are concentrated, as buying demand is shifting there. [Anchor] Looking at the indicators regarding what you mentioned, the composite housing price of apartments in Seoul rose by 0.97% in August compared to the previous month. Although the magnitude of this increase narrowed slightly compared to the previous month, while Gangnam-gu and Seocho-gu saw declines, areas like Seongbuk-gu, Nowon-gu, and Seodaemun-gu all showed a very high rate of increase exceeding 1%. So, based on what you said, we should view this as the balloon effect being very clearly evident, correct? [Sak Byeong-hun] That is correct. We can point to three reasons. First, two of these factors have caused Jeonse and monthly rent prices to skyrocket. The first is the Land Transaction Permit System. The imposition of a mandatory requirement to move in within four months of purchasing a home and reside there for two years naturally banned gap investing, leading to a sharp decline in the supply of rental housing. This, in turn, triggers a rise in rental prices. The second reason is the tax reform plan, which significantly increased the burden of capital gains tax. Since the special deduction for long-term ownership was converted into a special deduction for residence, if one does not actually reside in the property, the capital gains tax burden is bound to skyrocket when the house is sold later. Furthermore, because the basic deduction for the Comprehensive Real Estate Tax was raised only for actual residents of a single home, rather than non-residents, the burden of the Comprehensive Real Estate Tax and holding taxes effectively increases if one does not reside in the property. Consequently, by forcing homeowners to actually live in their homes, starting from prime locations, the supply of rental housing was reduced; these two factors have become the cause of the surge in rental prices. Finally, loan regulations have been implemented by lowering loan limits across different price ranges. So, since loans of up to 600 million won are available only for properties valued at 1.5 billion won or less, and for homes exceeding 1.2 billion won, loans range from 400 million to 200 million won, people who are forced to move to the outskirts because they cannot afford rent in prime areas due to skyrocketing Jeonse and monthly rent prices have no choice but to buy homes in Seongbuk-gu or Nowon-gu, where loans of up to 600 million won are available. You can view this as the result that has been brought about. [Anchor] It has become a situation where people are forced to purchase homes because there are no Jeonse or monthly rent options available. We will discuss the Jeonse and monthly rent crisis you mentioned earlier, as well as the deferral of actual residency requirements for the Toheo system, in more detail shortly. We are currently discussing the balloon effect, and this is appearing only in Seoul... (omitted) YTN Yoon Jae-hee ([email protected]) ▶ Original Article : https://www.ytn.co.kr/_ln/0102_202609... ▶ Send a Tip : https://mj.ytn.co.kr/mj/mj_write.php ▣ Subscribe to YTN YouTube Channel : http://goo.gl/Ytb5SZ ⓒ YTN Unauthorized reproduction, redistribution, and use of AI data are prohibited