<Anchor> The
government has announced a change in real estate policy.
I'm going to take it boldly.
First, we decided to lift the regulation that prevented us from receiving mortgage loans if the house price is over 1.5 billion won and raise the loan limit.
This means that almost all real estate regulations created by the previous government are lifted.
The main contents of the emergency economic meeting held today (27th), first reported by Kim Jung-woo.
<Reporter> The
government announced that it would re-allow mortgage loans for apartments with house prices exceeding 1.5 billion won from early next year.
I was told the reason was to help the real estate market freeze due to the recent halt in sales.
Enlarging an image
[Kim Joo-hyun/Finance Chairman: On the financial side, I will boldly release one (regulation) this time.
We will also allow mortgages for apartments worth over 1.5 billion.
In the future, depending on the real estate market situation, regulations will be eased.] It
applies to homeless people and single-homeowners who have promised to sell their existing house, and multi-homeowners are still excluded.
In addition, the LTV regulation, which allows only 20-50% of the house price to be rented in a regulated area, is unified at 50% regardless of the house price.
Both were regulations issued by the last government at the end of 2019, but they were released at once.
The government also decided to lift additional regulatory areas such as speculation overheating districts next month.
Currently, there are about 100 remaining in the Seoul metropolitan area, and when they are lifted, loan and tax restrictions will be lifted.
Sales restrictions have also been lifted.
Currently, if the sale price exceeds 900 million won, there is no interim payment and loan balance, but we plan to raise this standard to 1.2 billion won.
In addition, I was asked to sell the house I lived in after the move-in date within 6 months, which is extended to 2 years.
Most of these measures have to be amended by the National Assembly, but the government said it would prepare for implementation early next year.
(Video editing: Lee So-young)