<Anchor> The
rise in house prices in Seoul and other metropolitan areas has recently slowed down, and purchasing sentiment has also weakened. Analysis of the market 'can go down in earnest' or 'it is only a temporary adjustment phase' is mixed like this. In the midst of this, the financial authorities will announce measures against household debt the day after tomorrow (26th) and are expected to tighten lending further.
Reporters Lim Tae-woo and Jeong Da-eun report continuously.
<Reporter Im Tae-woo> On
the 6th, a 114-square-meter apartment in Naegok-dong, Seoul was sold for 1.55 billion won.
It was 300 million won lower than the previous high of 1.85 billion won in August.
Last month, there were also transactions that fell 240 million won in Bangbae-dong, Seocho-gu and 250 million won in Sangil-dong, Gangdong-gu.
During the sale of apartments in Seoul in September, 35.1% of the cases showed a decrease in price compared to the previous transaction.
This is about one in three houses, which is an increase of 14.3 percentage points from the previous month.
[Authorized Broker: The intention to buy is not strong. Customers buy while thinking that (house price) is going up, but watch it when it is recognized that 'it will be adjusted in a little bit'.] The
slowing rise in house prices is also seen in other indicators.
The rate of increase in apartment prices in Seoul has been decreasing or standing still for the eighth week, and buying sentiment is at the lowest level in 22 weeks.
[Noh Hyung-wook / Minister of Land, Infrastructure and Transport: There are indicators that the upward trend is slightly reversed by combining household debt management and financial policies... .] In
particular, there is an analysis that it is an inflection point as the transaction market in September freezes sharply, with apartment transaction volume in Seoul only halving the previous month.
[Bakwongap / KB Kookmin senior professional banking committee: getting a loan regulations deepwater climbing up interest rates and the slowdown in Riga seam of end users in will be expected to continue for a considerable period of lull]
However, a temporary adjustment phase one well still home prices appear to loan tightening There are also counterarguments that there are many factors for the uptrend.
[Ham Young-jin/Director of Big Data Lab: Jeonse market, which supports the trading market, continues to rise in price, and there are not many alternative investments or alternative investments that can relatively liquid.]
(Video coverage: Kim Seong-il, video Edit: Ho-
Jin
Kim, VJ: Min-
Goo
Jeong)
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<Reporter Da-Eun Jeong> The
main contents of the additional measures to be announced by the government the day after
tomorrow
are the total debt repayment ratio and the expansion of DSR regulations.
DSR is a policy that limits the limit of a loan based on an individual's ability to repay.
Currently, the DSR regulation is applied at 40% for banks and 60% for non-banks. If an individual earns 50 million won a year, the sum of principal and interest for one year on the total loan amount is 20 million won for banks and 20 million won for non-banks. must not exceed 30 million won.
First of all, the financial authorities are expected to accelerate the application of the DSR, which it has decided to expand in three phases by 2023.
If the DSR regulations are applied earlier, the maximum amount you can get a loan will be significantly reduced.
[Commercial bank official: The cut-off is rising.
Getting a loan has never been easier.
Even if I receive it, I will receive only a little more than I want.]
Also, a plan to increase the amortization ratio so that the principal can be repaid in installments from the beginning and a plan to manage household debt in the second financial sector are also planned.
However, we decided not to apply DSR to jeonse loans and excluded it from the total household loan management limit in the fourth quarter of this year.
[Seung-beom Koh / Chairman of the Financial Services Commission (last 21st, government audit): Direct DSR regulation related to jeonse loans We decided not to include these in this measure.]
Loan screening becomes more complicated.
When renewing the global contract, it is possible to apply for a Jeonse loan only before the balance due date in order to lend only the amount that the Jeonse price has risen and to prevent the Jeonse loan from being used for other purposes such as stock investment.
With the early implementation of the DSR regulation, loan screening is expected to be strengthened, so the loan statement is expected to be narrower.
(Video editing: Kim Jun-hee)