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The government is looking into ways to further loosen regulations to prevent a sudden plunge in real estate prices.

There is a prospect that all regulated areas will be released except for Gangnam 3-gu and Yongsan-gu.



This is Reporter Lee Hye-mi.



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At the end of last year, the government mentioned the lifting of regulatory areas, saying that it would lift excessive regulations that restrict end-users' housing transactions.



[Chu Gyeong-ho/Deputy Prime Minister for Economy (21st of last month): We will also push for additional lifting of regulated areas and private housing land sale price ceiling areas while monitoring market conditions.]



The release of regulated areas is decided through the deliberation of the Housing Policy Deliberation Committee, but usually February and July The committee, which is held twice a year, has been moved forward this year in January.



Previously, in November of last year, all areas except for Seoul and some areas in the metropolitan area were lifted.



The remaining areas are all of Seoul and five other areas in Gyeonggi Province, including Gwacheon, Gwangmyeong, Seongnam, and Hanam.



There is a prospect that all areas except for Gangnam-gu, Seocho-gu, and Songpa-gu and Yongsan-gu in Seoul will be lifted from the regulation.



It was initially expected to solve the so-called Nodogang, Nowon, Dobong, and Gangbuk-gu, where the decline in house prices was steep, but it seems that they have changed their stance as the recent real estate market downturn has become severe.



[Yoon Ji-hae/Real Estate R114 Research Team Leader: In a situation where the decline last year once turned, there is room for the relief of the quick sale piled up in the market if the areas of regulation and the loosening of loan regulations are combined together.]



When the regulated area is lifted, taxes such as comprehensive real estate tax and transfer tax are excluded, loans are expanded, and subscription regulations are lifted.



As a result, it is expected that the area subject to the pre-sale price ceiling system in the overheated speculation district will be drastically reduced.



(Video editing: Yoon Tae-ho, CG: Lim Chan-hyuk)