“Increase in the number of housing annuity cancellations due to a surge in house prices”

It was found that the number of housing pension cancellations is increasing every year due to the sharp rise in house prices.

On the 18th, when Rep. Kim Byung-wook (Democratic Party, Bundang-gu, Seongnam-si, Gyeonggi-do), a member of the National Assembly’s Political Affairs Committee, looked at “the number of cancellations of housing pensions by year” submitted by the Housing Finance Corporation, the number of cancellations this year was 3,185 as of the end of September.

The number of housing annuity cancellations is increasing every year. It recorded 1257 cases in 2017, 1,662 cases in 2018, and 1527 cases in 2019, and soared to 2,931 cases last year.

By region, from January to September, Gyeonggi-do had the highest number of cancellations with 1242 cases, followed by Seoul with 825, Busan with 261, and Incheon with 209.

On the other hand, the number of new housing pension subscriptions was 1982 in 2019 and 11,172 last year.

Rep. Kim Byeong-wook pointed out, “The number of cancellations from last year and this year, when asset prices soared, increased significantly because the current housing pension is determined based on the housing price at the time of the initial contract, and the rate of change or inflation is not reflected in the middle.” did.

“As the housing pension is positioned as a sure welfare policy for stabilizing life in old age, it is necessary to redesign through research so that there is no deviation due to changes in housing prices,” he said.