According to the Korea Real Estate Agency on the 2nd, the proportion of apartment purchases nationwide in February for people in their 20s and younger and in their 30s was 31.96%. It increased by more than 2 percentage points from 29.85% in January and was the highest in 25 months since January 2021 (33.0%).
| ▲ As the government eased lending standards, flat purchases by people in their 20s and 30s, which had been on the decline, increased again. The photo shows an apartment complex in Seoul. |
In particular, the share of 2030 apartment purchases in Seoul, which fell to 26% in October last year, rose to 34.7% in February, up almost 4 percentage points from January (30.8%).
Looking at the difference, the proportion of 2030 purchases in Gangseo-gu, which has many apartments under 900 million won and has recently increased in quick sales cheaper than the market price, was more than half of the all transactions at 54.7%. In addition, Seongdong-gu (45.6%), Geumcheon-gu (45.5%), Yeongdeungpo-gu (43.9%), Dongdaemun-gu (42.9%), Dobong-gu (41.4%), and Gangbuk-gu (40 % ) also recorded 40% of purchases by 2030.
In Gyeonggi-do and Incheon, where house prices fell significantly last year, the share of 2030 purchases also increased. In Gyeonggi-do, it increased from 32.7% in January to 36.4% in February, and in Incheon from 32.1% to 33.1%.
As the government eases lending regulations and financing becomes easier, it is understood that house purchases by people in their 20s and 30s have increased again.
At the end of last year, mortgage loans were granted for high-priced houses that exceed 1.5 billion won, and from the end of January this year, a special Bogeumjari Loan was won, which lends up to 500 million at a fixed interest rate of 4 % per year. a year for houses worth 900 million or less, regardless of income, available for one year.
First time home buyers were allowed up to 80% of their mortgage loan ratio (LTV) regardless of regulated area. The loan limit for buying stepping stones for the first time in life and newlyweds supported by the National Housing Fund was raised from 250 million won to 300 million won and from 270 million won to 400 million won, in the that order.
In December 2020, with the enforcement of the 2nd Leases Act, including the right to request contract renewal and the monthly rent cap system, the jeonse price skyrocketed, and by 2030 the share of apartment purchases nationwide higher than 34%. However, in 2022, government loan regulation and an interest rate hike overlapped, and fell into the 27-28% range. Reporter Kim Hong-joon
