<Anchor> It
is a friendly economy time.
Today (4th), I will be with reporter Kwon Ae-ri.
I think the government has now virtually lifted all real estate regulations.
Yes?
But in the meantime, there were too many regulations.
But even if this is solved, I'm not sure what the difference is.
Please take a closer look at how things change today.
<Reporter> In
a word, except for the so-called Gangnam 3-gu and Yongsan in Seoul, no real estate regulation will be implemented tomorrow.
But what you're curious about here is about the land transaction permit zone.
For example, reconstruction complexes in Yeouido, Seongsu, and Mok-dong in Seoul cannot buy a house with a jeonse.
So, can people in this area buy a house with a charter in our neighborhood now?
Or are you wondering if you can sell it?
no.
Places currently tied to land transaction permit zones were not included in this release.
These areas designated by the Seoul Metropolitan Government remain the same as the existing permitted area regulations.
Like Apgujeong, Jamsil, and Samseong-dong, the permitted areas in Gangnam 3-gu, of course, are regulated as well.
In these areas, you cannot buy a house with a charter yet, and even if you buy a house, you cannot resell it within two years.
However, most of the deadlines for these land transaction permits return between April and June of this year.
So it looks like the review will start soon.
The city of Seoul says that nothing has been decided yet, and that it will make a decision while observing the situation of the housing market in the future.
If the current cooling of the real estate market continues, there are many observations that it will be difficult to extend the land transaction permit zone, which can be said to be the strongest regulation.
<Anchor>
That's right.
I also have to do news about this, so I saw the announcement yesterday and looked at some data and looked at it carefully, but I don't think I saw anything related to the land transaction permit zone.
<Reporter>
There wasn't much to talk about.
<Anchor>
I think you pointed out the details well.
I think it will help a lot.
Now, please explain how the places where restrictions are lifted are fundamentally different.
<Reporter>
The most important point is that most of the regulations related to pre-sale housing have disappeared.
In addition, this loosened regulation is retroactively applied to complexes that have already been sold.
Then, the most talked-about complexes in the real estate market, Dunchon Jugong Apartment and Olympic Park Foretwon, can be sold within a year.
Originally, the resale limit was eight years.
And even if you get a sale, you don't have to go in and live right away, you can rent it out.
After the sale, the obligation of actual residence disappears.
From now on, the resale restriction itself will be up to three years.
For example, a three-year resale limit will be applied to complexes built and sold by LH in the 3rd new town in the metropolitan area.
However, other complexes, like Dunchon Jugong, for one year, or six months for metropolitan cities excluding the metropolitan area, and other areas, the resale restriction disappears altogether.
Also, as I just said, the obligation to live after the sale in the house with the sale price cap is eliminated.
The plan is to change the law and apply it retroactively to complexes that have already been sold.
You can also get an intermediate payment loan regardless of the price, and you can apply without disposing of your existing home.
In a word, even if you become a multi-homed person, you are inducing people to pay attention to pre-sale houses.
By the way, the funding plan used in the regulatory area, this will actually be maintained in the future.
Even if it is not a regulated area, the regulation that you have to write a financing plan when you buy a house over 600 million won has not disappeared yet.
However, in order to buy a house as before, the need to remove and attach all kinds of evidence from the deposit balance will disappear.
All you have to do is write a financing plan without any proof.
<anchor>
Reporter Kwon, because the real estate market is so bad that all the regulations governing real estate management can't be adversely affected by a sudden plunge in prices.
The intention is to prevent that, but even if a lot of regulations are loosened, I don't think the expectations are too high for this to revitalize the market again.
[Reporter
] Not right now.
While it is true that buying and selling a home has become much easier, it remains to be seen whether this will lead to an actual increase in transaction volume.
First of all, the interest rate is burdensome, and it is expected that the Bank of Korea will raise the base rate one more time.
Therefore, it is still unclear to what extent interest rates will be maintained in the future.
In addition, the view that house prices are still too high and will fall further prevails in the market.
There is something called the home purchase burden index.
When buying a house with a loan, it is an indicator that compares the principal and interest paid each month with income to determine the level of burden.
Until the third quarter of last year, when house prices began to decline in earnest, this index was at an all-time high.
Although house prices are falling, it is still harder than ever to buy a house when interest rates are taken into account.
Currently, about 700 houses are traded in Seoul a month, so there are almost none.
You must see a certain amount of transaction volume to estimate the actual speed of decline in house prices.
It seems that the wait-and-see atmosphere will continue for the time being.