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Condo rental costs are skyrocketing day by day.
Seoul has been on the rise for over a 12 months, and the upward development within the metropolitan space can also be growing.
In some flats, the lease value is larger than the sale value.
That is reporter Park Cheol-hyeon.
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It’s a large-scale house advanced in Paju, Gyeonggi-do, with 1,600 households.
The lease value for the 84 sq. meter twenty third ground unit signed final March was 330 million gained.
Nonetheless, on the identical day, an house of the identical dimension on the twenty third ground was bought for 318 million gained.
A reversal occurred, with the lease value being 12 million gained dearer than the sale value.
The hire value has been rising repeatedly, however this example has occurred as a result of sluggish restoration in home costs in areas exterior the metropolitan space.
[인근 부동산 중개인 (음성변조)]
“In some conditions the place the owner is in disaster, it is extra advantageous to eliminate him rapidly and set up it, so some folks do it that method.”
The speed of improve in rental costs has turn into sooner.
The nationwide house hire improve price, which was 0.03% final week, elevated to 0.07%, and particularly within the metropolitan space, the rise elevated from 0.08% to 0.12%.
In Seoul, rental costs continued to rise for 53 consecutive weeks, and provinces that had been falling for 18 consecutive weeks additionally turned to an upward development this week.
In the true property market, there are issues that the jeonse disaster may very well be lengthy as jeonse properties are scarce.
[서울 송파구 부동산 중개인 (음성변조)]
″There is no such thing as a lease (for the flat). There is no room round right here in the meanwhile, jeonse (on the market).″
Specialists imagine that the jeonse disaster may push house costs up.
[권대중/서강대 부동산학과 교수]
″As a result of it’s a main index of promoting costs, the rental value goes up and the promoting value additionally goes up about 3 to 4 months later.″
In accordance with actual property company statistics, house gross sales costs throughout the nation this week confirmed an upward development for the primary time in half a 12 months.
The federal government initially deliberate to announce ‘house rental stabilization measures’ in the course of the week, however is delaying the announcement.
That is Park Cheol-hyeon from MBC Information.
Video commentary: Lee Sang-yong / Video enhancing: Lee Hwa-young
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