Concerns about ‘reversal tax’ come true… This year, more than half of Seoul villas are trading down

2023-04-23 03:30:31

▲As more than half of the villas in Seoul are counted as downtrends this year, there is a growing voice that concerns regarding a ‘reverse tax crisis’ are becoming a reality. The photo shows a view of a villa in Mangwon-dong, Mapo-gu, Seoul. Photo = Reporter Kim Daniel, Energy Economics Newspaper

[에너지경제신문 김다니엘 기자] As the jeonse price continues to fall, voices of concern are growing that the ‘reverse jeonse crisis’ (a situation in which the jeonse price is lower than at the time of the contract) is already becoming a reality in many places.

More than half of the villas leased in Seoul in the first quarter of this year were contracted at a lower price than the previous quarter.

On the 23rd, Real Estate R114 compared the net jeonse transaction prices of row houses and multi-households in Seoul in the fourth quarter of last year and the first quarter of this year through the Ministry of Land, Infrastructure and Transport’s actual transaction price disclosure system. It was a downtrend contracted for .

The result is a comparison of the highest price of a transaction in which even one charter contract was concluded in the same complex and the same area in the fourth quarter of last year and the first quarter of this year.

In particular, in Eunpyeong-gu, Gangnam-gu, and Seocho-gu, as the rental price of apartments fell in the followingmath of the large-scale new move-in of apartments, the rental price of villas, a lower substitute, also fell, resulting in a large share of falling transactions.

In Eunpyeong-gu, 54 out of 81 jeonse transactions were down transactions (67%), in Gangnam-gu, 34 out of 55 (62%), and in Seocho-gu, 43 out of 72 (60%) were down transactions.

In Dobong-gu (16 out of 24 decline transactions, 67%) and Yangcheon-gu (38 out of 60 decline transactions, 63%), declines occurred mainly in built villas with relatively low residential preferences.

In Gangseo-gu, where damages from charter fraud such as the so-called ‘Villa King’ were concentrated, 94 (61%) of 153 charter transactions in the first quarter were down transactions.

In fact, in the case of a villa exclusive area of ​​29.98㎡ in Naebalsan-dong, Gangseo-gu, a charter contract was signed with a deposit of 300 million won in November last year, but in February, the same area was traded for 250 million won, and the new deposit of 50 million won fell in three months.

In some regions, there were not a few cases where deposits fell by more than 100 million won in just a few months and were traded.

In the case of a villa in Shinjeong-dong, Yangcheon-gu, with an exclusive area of ​​44.64 square meters, the rental price fell by 105 million won from 355 million won in December last year to 250 million won last month. The exclusive area of ​​​​29.16㎡ for a villa in Dapsimni-dong, Dongdaemun-gu fell by 100 million won from 400 million won in December last year to 300 million won last month.

Charter trading volume also declined sharply.

In the fourth quarter of last year, 15,873 charter transactions for townhouses and multi-housing were made in Seoul, but in the first quarter of this year, the number decreased by 911 to 14,962 in a short period of time.

daniel1115@ekn.kr

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