◀ Anchor ▶
In order to break through this tight transaction cliff, the government continues to loosen regulations related to the real estate market.
It has been announced that it will allow housing mortgage loans for multi-homed people, but it seems difficult to exert an immediate effect in the current high interest rate situation.
Reporter Ayoung Kim will tell you.
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The government has also announced that it will unlock mortgage loans for multi-homed people who own multiple homes.
[김주현/금융위원장]
“There are many cases where mortgage loans are not allowed for multi-homed people or rental business owners.”
Looking at the market situation in the future, we are going to push forward so that these people can also use mortgage loans.
The government has already allowed mortgage loans for apartments exceeding 1.5 billion won in overheated speculation districts and loosened the LTV regulations for non-homeowners.
It is also decided to promote acquisition tax reductions when multi-homed people purchase additional houses.
The purpose is to induce a soft landing by preventing a sharp decline in prices by opening real estate transactions blocked by a cliff.
With the immediate deregulation, the worries of ‘temporary second-homeowners’ who have difficulty moving to a new house because their existing house is not sold can be alleviated.
However, it is predicted that it will not be easy for the buying trend to revive unless the high interest rate, which is the root cause of the real estate slump, is resolved.
[함영진/직방 빅데이터랩장]
“I have to pay 5-7% interest on the mortgage, but I don’t think it’s an easy choice to buy one more house…”
The ‘Judamdae’ regulation for multi-homed people was introduced in 2018 during the Moon Jae-in administration.
[최종구/당시 금융위원장 (지난 2018년)]
“I have a lot of money, so I can’t help but buy an additional house with that money, but the purpose is to prevent banks from providing financial support for such speculative demand.”
Some point out that while the effect on the real estate market is small, it only benefits potential speculators, creating factors that will boost house prices once more when the real estate market turns in the future.
This is Kim Ah-young from MBC News.
Video editing: Jinwoo Kim
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