3 keywords of New Year real estate-‘Loan control & over supply and pay possession tax increase’
Park Sang Gil | sweatsk@ | 2018-01-03 11:41:10
The construction industry and consumers are expected to focus on mortgage lending regulations such as new total debt repayment ratio (DTI) and total debt repayment ratio (DSR), and oversupply and tax burden in the domestic real estate market.
According to the real estate industry on January 2, if the new DTI is fully implemented at the end of this month, all mortgage loans will be subject to principal and other interest. Therefore, in the case of multi-homed households, the amount of the loan that can be borrowed is reduced due to the debt of the existing mortgage loan. From the fourth quarter onwards, DSR, which is the ratio of principal and interest payments on all loans including loans, is divided by the annual income. The higher the DSR number, the more difficult it is to get a loan. If you have a mortgage loan, a negative account, or a credit card, you cannot actually get additional loans.
The oversupply problem is also expected to worsen. According to real estate 114, the total number of apartment units in the nation is 439,611, which is 14,5% higher than last year`s 383,820. It is the largest volume in the year since the 2000s when the new city was moved to Bundang. The largest number of residents has moved to Gyeonggi-do, with 161,992 households, up 25.7 % from this year.
Besides, Cheong Wa Dae has shaken the market this year after completing last month`s review on the increase in the pre - election holdings in June. Kim Dong-yeon, the deputy prime minister and the minister of finance and economy, said in a joint briefing on economic policy-related departments on February 27 that the government will review at least three alternatives, including the rate of fair market value and the adjustment of disclosure prices, in addition to the tax rate increase.
Real estate experts say that the current buyers should make a careful judgment as the current trend continues. Professor Shim Kyoung-joon, a professor of real estate at Konkuk University, said, "Factors considered to be the worst this year were expected from last year." The holding tax is expected before the local elections, but only applies to ultra-high-priced houses with an official price of 900 million to 100 million won. I will see the trend will continue. "
Cho Hyun-wook, vice president of the Daegu Economy Research Institute, said, "The polarization of the real estate market has started in the aftermath of the new government launched last year, The road map should be utilized effectively and the actual customers who have sufficient funds should choose the place with high preference in the preferred area."
By Park Sang Gil sweatsk@
[ copyright ⓒ The Digitaltimes ]
According to the real estate industry on January 2, if the new DTI is fully implemented at the end of this month, all mortgage loans will be subject to principal and other interest. Therefore, in the case of multi-homed households, the amount of the loan that can be borrowed is reduced due to the debt of the existing mortgage loan. From the fourth quarter onwards, DSR, which is the ratio of principal and interest payments on all loans including loans, is divided by the annual income. The higher the DSR number, the more difficult it is to get a loan. If you have a mortgage loan, a negative account, or a credit card, you cannot actually get additional loans.
The oversupply problem is also expected to worsen. According to real estate 114, the total number of apartment units in the nation is 439,611, which is 14,5% higher than last year`s 383,820. It is the largest volume in the year since the 2000s when the new city was moved to Bundang. The largest number of residents has moved to Gyeonggi-do, with 161,992 households, up 25.7 % from this year.
Besides, Cheong Wa Dae has shaken the market this year after completing last month`s review on the increase in the pre - election holdings in June. Kim Dong-yeon, the deputy prime minister and the minister of finance and economy, said in a joint briefing on economic policy-related departments on February 27 that the government will review at least three alternatives, including the rate of fair market value and the adjustment of disclosure prices, in addition to the tax rate increase.
Real estate experts say that the current buyers should make a careful judgment as the current trend continues. Professor Shim Kyoung-joon, a professor of real estate at Konkuk University, said, "Factors considered to be the worst this year were expected from last year." The holding tax is expected before the local elections, but only applies to ultra-high-priced houses with an official price of 900 million to 100 million won. I will see the trend will continue. "
Cho Hyun-wook, vice president of the Daegu Economy Research Institute, said, "The polarization of the real estate market has started in the aftermath of the new government launched last year, The road map should be utilized effectively and the actual customers who have sufficient funds should choose the place with high preference in the preferred area."
By Park Sang Gil sweatsk@