■ Program name: Integrated Newsroom ET
■ Corner name: ET WHY?
■ Broadcast time: June 22 (Wednesday) 17:50~18:25 KBS2
■ Performer: Kim In-man, Director of Real Estate Economic Research Institute
■ Homepage
http://news.kbs.co.kr/vod/program.do?bcd=0076&ref=pMenu#2022.06.22
[앵커]
The government’s 6.21 real estate market stabilization measures were more carrots than sticks. There is a plan to give a tax benefit to the owner of the house who raises the rent to 5% or less, and to increase the number of new sales by easing the upper price limit. The focus is on stabilizing the rental market and expanding supply. Let’s take a look at the key contents of the Yoon Seok-Yeol administration’s first real estate policy and the impact it will have on the market. Kim In-man, director of the Real Estate Economic Research Institute, appeared. Director, how are you?
[답변]
hello?
[앵커]
See you after a long time, this real estate measure.
[답변]
In the meantime, the 8.2 Countermeasures, the 10.13 Countermeasures, and the countermeasures have come out a lot. The first measure this year, the 6.21 measure, came out.
[앵커]
Usually, when the market, that is, when house prices soar or plummet, don’t you come up with these countermeasures in such an emergency situation? The real estate market is quiet right now.
[답변]
The topic of this measure is measures to stabilize the rental market. As the one-time application for renewing the housing lease contract expires in August, a jeonse crisis is expected in August, so this measure seems to be ready.
[앵커]
So, anyway, it can be said that the government has taken a preemptive response.
[답변]
Yes, that’s right.
[앵커]
So, what measures did you come up with to stabilize the rental market?
[답변]
In the meantime, if you look at the countermeasures, a lot of whips have come out. This measure came out to give carrots to both the lessor and the lessee.
[앵커]
What’s the carrot for the lessor?
[답변]
The carrot for the lessor is the win-win lessor system. This is a system that provides benefits to the lessor who raises the lease agreement and monthly rental agreement to less than 5% in relation to the transfer tax residence requirements.
[앵커]
When you sign a contract to be a win-win tenant.
[답변]
Yes. It is within 5%, giving a benefit to those who rarely raise it. If you give a rice cake to a tiger, they won’t eat it.
[앵커]
By the way, how many times have you not already given the rice cakes? I think there was a cake similar to that.
[답변]
On December 10 last year, I gave them rice cakes once. The win-win rental system is already in effect. For those who do not raise one house per household, the standard market price of less than 900 million won, one year out of the two years of residence requirements for transfer tax and transfer tax for one household is deducted, but it seems that tigers are not enough with just one rice cake. Since the effect was not very good, I will give you two rice cakes this time and remove the two-year real residence requirement. And if you look at it, the special deduction for long-term ownership will also remove the two-year residency requirement. We are exempt from transfer tax for one house per household and transfer tax up to 1.2 billion won. If it exceeds 1.2 billion won, it is taxed. Long-term holding special deduction, up to 80% deduction for those who have owned it for a long time, includes a residence requirement. The residence requirement for the special deduction for long-term ownership will also be removed this time.
[앵커]
So to such a good landlord who raises the rent to less than 5%.
[답변]
Yes. to a good landlord.
[앵커]
It’s like giving a compliment sticker or something.
[답변]
you’re right. That’s great, I’ll give you one.
[앵커]
So, if you want to be exempt from transfer tax when you sell the house later, you have to live there for two years.
[답변]
You have to live, but you don’t have to.
[앵커]
So, does this only apply to single-homeowners? What about multi-family dwellers?
[답변]
In the past, when giving one rice cake, only one householder was eligible. This time, it was expanded to a multi-family house, but only half of the rice cakes were given. It is not given to all multi-family dwellers. It means that only those who plan to become one house, that is, those who sell as a condition of disposition and become one house, will be given residence requirements.
[앵커]
Then, among multi-homeowners, only those who want to dispose of the existing house and change it with something clever will likely participate in this win-win rental system.
[답변]
Yes, that’s right. Only those people benefit. Those who say that I do not intend to sell, I will continue to take multi-family homes, may not benefit from the benefits, so there is a possibility that the deposit will be raised. If it’s a little disappointing, we’ll make up for that and give benefits to multi-family dwellers, but this time, if you don’t upload for two years, you’re given two years. I think it would have been a little more effective if 2+2 had not been raised for 4 years, and if it had been given a benefit for 2 years and then broadened the scope even to multi-homeowners.
[앵커]
So, from which contract does this win-win rental benefit apply?
[답변]
This has been going on since December 10 of last year.
[앵커]
Is it retroactive?
[답변]
It has been applied retroactively since December 10 of last year.
[앵커]
How long?
[답변]
As for when, it was originally until the end of this year. Through this measure, the win-win rental system has been extended until December 31, 2024.
[앵커]
In a way, this gives the lessee a carrot and the trickle-down effect extends to the lessee.
[답변]
There are also direct benefits. It works for that jeonse mortgage loan. The policy interest rate loan given to the common people is a support loan. Regarding the support loan, in the case of the metropolitan area, the deposit was 300 million won and the loan limit was 120 million won. The provincial government also increased the benefits up to the loan limit of 120 million won with a deposit of 250 million won.
[앵커]
The scariest thing these days is the interest on a loan, but what is the interest rate for a mortgage loan product?
[답변]
Because this is a policy interest rate, it is difficult to find 3% of our general jeonse loans, but these days, it is 4%. Support loans are available in the 2% range.
[앵커]
These days, the proportion of monthly rent is higher than that of Jeonse. We introduced this news in our corner. Benefits for those who live on a monthly basis seem to be included, how about?
[답변]
The government is increasing the number of monthly renters. Because the conversion to monthly rent is increasing, I gave it a benefit. I was given a tax deduction. We gave you a tax credit from 12% to 15%. Also, the income deduction for Jeonse loans was increased from 3 million won to 4 million won. But tenants seem to be getting more and more troubled.
[앵커]
In fact, the best way for ordinary people to buy a house is through subscription. But the good thing about the subscription is that you can get the sale price at a much lower price than the market price. How is it? Abolish this, manda, there was a lot of talk.
[답변]
There has been a lot of talk about abolition. Not until abolition. There were three things that were said to be reorganized and to be supplemented. When you see one, you come here, right? I will reflect a little bit on the cost of relocation, litigation for name, loss compensation, increase in construction cost, and necessary expenses. It was raised like this because it was necessary, but it is not okay if it is not reflected, so I reflect what is necessary. Construction and material costs are rising a lot these days, aren’t they? If it rises more than 15%, I will raise it irregularly like this, even if it is not the time to raise it. Also, a measure to compensate for HUG’s calculation of the high sale price.
[앵커]
Hug is.
[답변]
It is the Housing Guarantee Corporation, and the guarantee corporation must guarantee the sale price. But in the meantime, please lower the case of Dunchon Jugong. Construction companies said they would upload it, and there was a dispute like this, and they are in the position to supplement that part a bit.
[앵커]
So, I think it means that even if the price is set somewhat high, if there is a convincing reason, they will look at it.
[답변]
There are a lot of people who are a little worried. I want to buy my own house after waiting for the sale price, but what if it goes up a lot? I’m so worried, but it doesn’t go up as much as I thought it would. It is expected to rise further by 1.5%-4%.
[앵커]
Have you done any simulations?
[답변]
Yes.
[앵커]
But these days, apartments worth over 900 million won can’t even get a mid-payment loan. But if you raise the price like that, even if you win an offer and win, how to raise the money, I think this will be another concern.
[답변]
I am very worried. So, whatever the case, we may not be able to get a loan if the sale price goes up from the point of view of the common people. As the loan interest rate rises, the worries deepen, and the atmosphere in the housing market these days is not the same as it used to be and the uncertainty is growing.
[앵커]
What do you think of this government’s measures, what about the effect? Looking at it now, what is the focus of supply expansion rather than the government taking initiative? I get the impression that it’s a bit passive, like it’s trying to supply this amount through rental companies, multi-homeowners, and construction companies, isn’t it?
[답변]
you’re right. It is intended to be supplied through the private sector. The government is going to provide support. The upper price limit system is giving a signal to increase the supply in the end, because construction companies are hesitant to supply it, so they will raise it a little.
[앵커]
There seems to be a lot of content related to acquisition tax and property tax among these measures, but I think those who want to buy a house should carefully examine those things. So far, I have worked with ET WHY and Director Kim In-man. Thank you.
