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Until recently, the government said that house prices should fall further.

It was interpreted to mean that the regulations would not be loosened prematurely, but they suddenly changed their attitude.



Reporter Jo Yoon-ha pointed out why and how it will affect the real estate market.



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Just a month ago, government officials said that house prices should fall further, and that loosening real estate regulations would have great side effects.



He said there was no artificial stimulus package.



[Won Hee-ryong/Minister of Land, Infrastructure and Transport (Last month 22): In order to artificially create a transaction, you can not make a policy that is completely opposite to the current policy stance in this way, such as letting multi-homeowners buy a house by attracting loans.



] Admission, today (27th), changed 180 degrees.



[Won Hee-ryong/Minister of Land, Infrastructure and Transport: So that the demand to move does not shrink due to the disruption of the transaction...

.]



With the Legoland incident clogged up with money, and concerns about serial bankruptcies of construction companies emerged, it seems that they have started to revive the real estate market.



Yesterday's youth housing policy, which turned from public rental to public sale, is interpreted in the same way.



The area most affected by today's measures is the Seoul metropolitan area.



If the 1.5 billion won loan is released, high-priced apartments in Gangnam, Mok-dong, and Yeouido in Seoul will be affected first.



In addition, if you release a mid-payment loan up to a sale price of KRW 1.2 billion, it will be easier to raise funds for medium-sized apartments in the metropolitan area and small apartments in Gangnam, Seoul.



But it doesn't look like house prices are going to go up any time soon.



Because of soaring interest rates.



In addition, loan regulations based on income and DSR regulations remain.



A person with an annual salary of 70 million won can borrow up to 500 million won, and a person with 100 million won can borrow up to 700 million won.



[Seoul Mok-dong A certified real estate agent: I think I need to unwind step by step so that I can breathe.

(By the way) Who can get a loan easily when they say loans go up?

(Interest rate) No one knows whether it will be 7% or 8%.]



Contrary to the big policy direction of reducing household debt, which is the trigger for financial instability, it is pointed out that the sudden deregulation has harmed policy coherence.



(Video coverage: Jeong Seong-hwa, video editing: Park Ji-in, CG: Jegal-chan)