In spite of strong real estate measures, it is reported that the government is considering ways to add regulated areas, such as areas to be adjusted, as the balloon effect of rising house prices is observed in some unregulated areas in the metropolitan area.

It is noteworthy whether newly regulated areas in the metropolitan area such as Yeonsu-gu and Seo-gu, Incheon, Gunpo-si, Gyeonggi-do, and Danwon-gu, Ansan-si, where the recent increase in house prices, will be included as a target area for adjustment.

There are also observations that additional real estate measures may come out, including measures to tighten loan restrictions on low- and mid-priced homes of less than 900 million won, which have relatively loose loan regulations.

Deputy Prime Minister Hong Nam-ki said today (11th) at the '6th Emergency Economic Central Countermeasures Headquarters (Economic Major) meeting', "the price increase in Seoul and the metropolitan areas has been caught and watched closely."

“The regulatory zone can be designated and the regulation of loans can be strengthened. If there is a lack of taxation, we can also consider ways to strengthen it.”

This means that all cards that can be included in the comprehensive real estate measures are possible.

The Ministry of Land, Infrastructure and Transport is currently conducting precise monitoring of housing trends in unregulated areas in the metropolitan area, such as Incheon and Gunpo, where home prices show signs of uncertainty.

In the non-regulatory area of ​​the metropolitan area, areas that are worried about the price of the surrounding house due to high demand for investment are grouped into areas to be adjusted, and plans to upgrade existing areas to be adjusted to speculative overheating districts are being considered.

According to the Korea Appraisal Board's house price statistics, the number one increase in housing prices in the past three months has risen to 9.44% in three months.

Gunpo City is currently a non-regulated area, and recently, home prices have risen a lot with favorable news, such as the announcement of the GTX-C route and promotion of remodeling of some complexes.

In Incheon (3.28%), home prices are rising in some districts, such as Yeonsu-gu (6.52%), Seo-gu (4.25%), and Namdong-gu (4.14%).

Although it is an unregulated area in Incheon, the price of the house is strong with the expectation that residential conditions will improve if public transportation such as the GTX-B line is expanded.

In Ansan (3.97%) and Danwon-gu (5.73%), the increase in house prices is also prominent.

The rise in house prices over the past three months is an important indicator.

This is because when the Ministry of Land, Infrastructure and Transport selects an area to be adjusted, it will first select the place where the rate of increase in the house price exceeds 1.3 times the inflation rate of the city or province in the past three months, and then check the subscription competition rate or the volume of presale sales.

Of course, the qualitative evaluation does not determine the regulated area based solely on such quantitative requirements.

In these regions, the rise in housing prices is notable because of the balloon effect of investment demand, avoiding strong lending and tax regulations in regulated areas such as Seoul and major cities in Gyeonggi.

The government has newly designated Suwon, Anyang, and Uiwang, which had a balloon effect on February 20, as the target area for adjustment, but the balloon effect seems to have moved to another unregulated area.

In addition, as the prohibition of resale of pre-sale rights was expanded to unregulated areas in the Seoul metropolitan area from August, the demand for investment was concentrated in Incheon and other countries, creating a'cool mania'.

Overheating in the pre-sale market is stimulating the existing housing market.

Among the areas subject to adjustment, Guri City (7.43%), Suwon Yeongtong-gu (5.95%), and Gwonseon-gu (5.82%) are among the most prominent areas.

It is a candidate site that can be upgraded to a speculative overheating district if the house price continues to overheat.

In the provinces, home prices rose in Daejeon (2.63%) and Sejong City (6.14%).

Sejong is bound by speculative overheating, but Daejeon is not a regulated area.

The government has previously said that it is paying close attention to Daejeon, where the price of the house has risen significantly when tying Suwon and other areas to the mediation target area.

Recently, the homeland price has been rising due to the favorable news of attracting radiation accelerators in the Chungbuk region.

In terms of the three-month increase in house prices, the increase is not significant.

Seoul also shows signs of stopping the decline in home prices and turning it into an upward trend.

The plan to supply 8,000 households of apartments by developing Yongsan maintenance windows through 5·6 supply measures was announced, and the Jamsil International Exchange Complex (MICE) development project and Hyundai Motor Group's Gangnam-gu Samsung-dong new office building Global Business Center (GBC) are accelerating. As the backing material continues, a sudden sale enters and the price goes up again.

According to the Korea Appraisal Board, this week (as of the 8th), the apartment price in Seoul rose 0.02% from the previous week, and rose to 13 years after the second week of March (0.02%).

Songpa-gu rose 0.05%, Gangnam-gu rose 0.02%, and it turned upward, and Seocho-gu and Gangdong-gu also remained flat after falling.

As the government strengthened the loan regulation on housing of more than 900 million won through the December 16 measures last year and prohibited home mortgage loans for more than 1.5 billion won of high-priced homes, mid- and low-priced homes with relatively loose regulation were less than 900 million won. There has also been a price increase of nearly 900 million won.

As a result, it is also worth noting whether the government will tighten regulations on loans for mid- and low-priced homes under 900 million won.

In Gangbuk, Seoul, such as Guro-gu and Jungnang-gu, housing prices are rising mainly on low-to-medium- and low-priced houses that are less than 900 million won.

In the December 16th measures, the government lowered the mortgage loan rate (LTV) from 40% to 20% for houses exceeding 900 million won in the speculative overheating district, but it is possible to expand the target area or lower the LTV rate.

In response to the rise in the price of homes in the Gangnam area, measures have been taken to lower the price standard of homes forbidden by the host team from 1.5 billion won.

There is also a forecast that the government will have stronger loan regulation because the market is overflowing with liquidity at low interest rates.

There was no reason for the government to respond to measures to ease real estate taxes, such as general real estate tax, raised by the political sector during the general election.

In addition, it is possible to broaden or increase the scope of regulations related to the submission of a housing financing plan.

For now, when you buy a house of more than 300 million won in a reconciled area and more than 600 million won in a non-regulated area, you need to issue a financing plan.

If you buy a house of more than 900 million won in a speculative overheating district, you must also provide proof of support along with a report.

At the same time, the Ministry of Land, Infrastructure and Transport is planning to tie the land into a permission zone for land transactions when real estate in Songpa-gu is overheated due to the development of Jamsil MICE.

An official from the Ministry of Land, Infrastructure and Transport said, "We are still focusing on the real estate transaction investigation in this area."

(Photo = Yonhap News)