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Not so long ago, there were many predictions that there would be a whole generation chaos from this month, two years after the enactment of the lease law, but this prediction was completely wrong.

As jeonse is piling up centering on newly built apartments, a reverse rent crisis is taking place in which tenants cannot be found.



Correspondent Han Sang-woo.



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It is an apartment complex with about 1,100 households in Gwanak-gu, Seoul, with only one week left to move in.



There are over 200 rental properties in the vicinity, including this apartment.



[(For sale) I can't digest it and there are about 30 of them now.

There are 120 pieces here, but here we are waiting again.

I'm planning to move in in December...

.]



As soon as the move-in started, the quantity poured out at once, but the popularity is not as good as it used to be.



[Jeon Yeong-ok / Certified Realtor in Gwanak-gu, Seoul: If there are 120 at once, the demand for moving in this neighborhood is not waiting for 120 households.]



As interest rates rise, the interest on the jeonse loan becomes more expensive than the monthly rent.



[Byeong-Tak Woo / Head of Real Estate Team at Shinhan Bank WM Consulting Center: From the perspective of tenants, the situation of choosing monthly rent instead of cheonsei is much greater because of the cost aspect. It is showing signs of falling.]



The hearts of homeowners who could not find a tenant are getting more and more urgent.



[Gwanak-gu authorized real estate agent: (exclusive 59㎡) When it first came out, it offered 700 million won and 800 million won, but now it is traded in the 500 million won range...

.

Come and move in now.

I'm trying to get the (jeonse) funds and pay them in full because of the contribution or something.]



For this reason, the Jeonse for sale in the metropolitan area increased by nearly 40% in three months.



As Jeonse prices fell a lot in Incheon and Gyeonggi, where there are many new constructions, this week, the Jeonse prices in the metropolitan area fell the most since 2012, when the Real Estate Agency started collecting statistics.



Next year, 210,000 households are scheduled to move into the metropolitan area, so there is a possibility that more Jeonse properties will accumulate.



(Video editing: Lee Jeong-taek, VJ: Jeong Young-sam)