<Anchor> The
government has released all areas subject to adjustment except for the metropolitan area including Seoul and Sejong City.
Loan restrictions will be lifted in the lifted areas, and the tax a multi-family person pays when buying or owning a home is greatly reduced.
Correspondent Han Sang-woo.
<Reporter>
As the local real estate transaction regulations were loosened, the government explained this.
[Kwon Hyuk-jin/Director of Housing and Land Office, Ministry of Land, Infrastructure and Transport: We believe that the downward stabilization of house prices has been established, and especially considering that the transaction volume is shrinking, it was decided that the normal housing transactions of end-users should be refreshed.
] Except for the metropolitan area and Sejong, all regions across the country were excluded from the adjustment target area.
In Gyeonggi-do, restrictions were lifted in Anseong, Pyeongtaek, Yangju, Paju, and Dongducheon.
In the provinces, Busan Haeundae, Suyeong-gu and Suseong-gu of Daegu are representative places where regulations have been lifted.
If a person who owns a house wants to buy another house in this area, he had to pay an acquisition tax of 8% of the house price and a person who owns two houses 12%.
It is also exempt from the estate tax imposed on people who own multiple homes.
[Kim Gyu-gyu/Director of Asset Succession Research Institute at Korea Investment & Securities: There are voices expecting the effect of stopping the price decline as the heavy taxation penalty is lifted and loan regulations are relaxed, but it is not likely to have a big effect right away due to the unfavorable market conditions.
] All of Seoul and major areas in the metropolitan area such as Bundang, Gwacheon, Hanam, and Suwon in Seongnam are grouped as speculative overheated districts.
The government said that the purchase demand for housing in the metropolitan area is still there, and that it is necessary to keep an eye on it as the decline has just begun.