Summary:
This conversation is a discussion about the current housing market situation in South Korea, particularly focusing on the issues of "jeonse" and "reverse jeonse," which involve housing rental deposit arrangements. The conversation covers topics such as the potential impact of rising interest rates, the government's considerations in regulating these issues, and the fluctuation in housing prices in Seoul. The experts in the discussion emphasize the need to monitor the market closely and consider various factors beyond just interest rates when assessing the housing market's future trends.
1. The reverse tax phenomenon, where the jeonse price is lower than the existing jeonse deposit, is becoming more severe due to falling real estate prices. This situation is causing worry for both landlords and tenants .
2. The Asset Succession Research Institute conducts research on inheritance tax and gift tax issues, providing consulting support for those with high real estate assets .
3. Most of the assets of Korean people are real estate, with the proportion of real estate assets being over 60-70% .
4. The term "tin deposit" refers to a situation where a house price is lower than the rent price, and the landlord has to return a certain amount of money to the tenant .
5. The term "reverse jeonse" refers to a situation where the current lease price is lower than the lease price from two years ago .
6. The extent of the tin jeonse and reverse jeonse is significant, with about 8.3% of all lease contracts being classified as risky households .
7. The reversal trend of jeonse has increased significantly, with about 52.4% of cases indicating a higher lease price than the contracted price .
8. The government is considering ways to ease some of the lending regulations to help with the jeonse issue .
9. There are opposing opinions on lifting DSR regulations, with concerns about a potential increase in household debt and equity issues .
10. The Minister of Land, Infrastructure and Transport Won Hee-ryong suggested that the jeonse system will soon disappear and has reached the end of its lifespan .
11. The jeonse system is unique to Korea and is not a policy created by the government .
12. The base interest rate has peaked, and experts suggest that the housing market will start to rise after this .
13. The current jeonse rate is around 50%, which means the house price is higher than the rental price .
14. The top interest rate for home loans has fallen to the upper 3% range due to the decline in market interest rates .
15. Prices for newly built apartments are expected to rise due to problems with raw materials and labor costs .