<Anchor> This is a
friendly economic time. Today (the 13th), I will be with reporter Kim Hye-min. Reporter Kim, I think we delivered the news this morning as well, but in Seoul, the ratio of anti-war and half-monthly rents was close to 40%. I think I gave you an article like this, but you said that the proportion of monthly rent has increased so much these days?
<Reporter>
The number of rentals has decreased significantly compared to before. Jeonse prices have also gone up a lot. That's why I don't even want to make a charter contract. It has been found that the number of cases of anti-tax contracts that pay some monthly rent is increasing.
There were about 12,000 apartment rental contracts signed in Seoul last month, of which nearly 40% included monthly rent. It was the highest level in recent years.
However, there was a point in time when the proportion of this monthly rent and reversal tax rose sharply. It was the end of July last year, and at this time, the right to request a contract renewal and the monthly limit system were introduced.
Before this regulation came into effect, the monthly rent and reverse tax ratio was only 28% on average for a year, but after enforcement it has risen to over 35%. That's a 7 percentage point increase.
<Anchor> In the
end, this seems to happen because the price of jeonse has risen a lot, and from the consumer's point of view, it's a low interest rate era, so it's better to borrow cheaply and buy a jeonse than to pay the monthly rent. That's why I preferred Jeonse a lot, but that's not the case. Then, are there still some areas in Seoul where Jeonse prices are a bit cheaper?
<Reporter>
It's a very sad part, but these days, the price of jeonse is rising regardless of Gangnam and Bigangnam. High-priced charters are concentrated in the Gangnam area. In both Gangnam-gu and Songpa-gu, the reverse trend and monthly rent increased compared to last month.
In addition, Mapo, Yongsan, and Seongsu are called 'Mayongseong', the places with the highest jeonse prices after Gangnam. Among them, Mapo-gu’s reversal trend and the proportion of monthly rent increased by more than 12 percentage points from the previous month.
This does not mean that the suburbs of Seoul have not increased. Gangdong-gu and Jungnang-gu already accounted for more than half. Guro-gu also exceeded 45%.
You may be wondering whether the jeonse crisis will continue to worsen in the future, but experts explained that it is a structure that will inevitably increase rental transactions with monthly rent in the future.
In particular, in July of next year, it will be two years since the lease law was enacted. From this point on, the amount of contract renewal expiring will pour into the market, and at this time, the price of cheonsei will rise sharply. Before that, it seems that government measures are necessary for housing stability.
<Anchor> In the
end, since the price of jeonse has risen so much like this, I think the difficult situation will continue, but the interest rate is still low. So, I think there are some people who want to live in a jeonse, even if they borrow a little more than they paid monthly. And, on the other hand, isn't it getting harder to get a loan?
<Reporter>
As those of you who have taken out a jeonse loan at least once, know that once you get a loan, it goes directly to the landlord. It's almost impossible for the middle-tenant to use it elsewhere.
Of course, tenants can borrow money for living stabilization by using the Jeonse deposit as collateral. This can be used for investment purposes, but as of the end of last month, less than 2% of the total Jeonse loans of the five major commercial banks were.
That is, more than 98% of the remaining Jeonse loans are for actual Jeonse contracts. Even so, some banks are suspending Jeonse loans as they are managing the total amount of household loans.
As a result, it is becoming increasingly difficult for homeless people to obtain jeonse.
<Anchor> That's
right. However, the government will release additional measures for household measures after the Chuseok holiday. I'm talking about this, but it seems that this includes a jeonse loan. Please explain in a bit more detail.
<Reporter> The
financial authorities said that they would come up with additional measures after the Chuseok holiday is over.
An official from the Financial Services Commission recently said, "Jeonse loans surged in the first half of this year, so if you don't manage this, you may be exposed to unexpected external shocks."
The intention to reduce Jeonse loans seems clear. In fact, the total amount that commercial banks issued for Jeonse loans increased by 14% compared to the end of last year.
However, the increase in cheonsei loans is not surprising, but it is because the price of jeonse has risen sharply. Also, as I explained earlier, less than 2% of the cases where the cheonsei loan is used for other purposes.
The Financial Services Commission says, "We are thinking about what to do to protect end users."