2024-05-12 11:21:39
◀ Anchor ▶
Apartment rental prices in Seoul continue to rise.
It has increased for 51 consecutive weeks, almost the entire year.
As there are few properties for sale and tenant demand is focused on apartments as a result of “lease fraud”, the high jeonse price trend is expected to continue for the time being.
Reporter Oh Yu-rim covered the story.
◀ Report ▶
It is an apartment complex of approximately 1,200 units located in Seongdong-gu, Seoul.
On the 1st, the lease of an exclusive area of 84 square meters was negotiated for 650 million won.
Just 15 days ago, a property of the same size was renovated for 470 million won.
Considering that the renewal contract is at the rental price level of two years ago, it has increased by almost 200 million won in two years.
[공인중개사(음성변조)]
“Loan interest rates have increased and rental prices have also increased.
Over the past week, the rental price of apartments in Seongdong-gu increased by 0.22%.
Seoul as a whole rose 0.09%.
It has been rising for 51 consecutive weeks and the range of gains has also widened.
Indeed, there is a shortage of jeonse, but demand is increasing.
As of May 10, the number of leases in Seoul was around 29,000, a decrease of 10,000 from last year.
Due to high interest rates and low expectations for rising real estate prices, more and more renters are choosing to rent rather than buy a home.
As a result, the number of contract renewals has also increased.
Among the 39,000 apartment rental contracts in Seoul reported this year, 14,000 were renewal contracts, accounting for 37 percent of the total.
It increased by 10% compared to last year.
In this situation, the concentration of apartments has worsened following recent cases of fraud in the rental of villas and offices.
[강희창/전국비아파트총연맹 회장]
“Due to the consequences of jeonse fraud, rentals other than apartments are not preferred, and since the deposit return guarantee limit (to guarantee the jeonse deposit) is too low, rentals other than apartments are still least favorite.”
Normally, when the rental price increases, the rental price increases and the rental demand turns into a sales demand, but experts believe that this is not yet the case.
[박원갑/KB국민은행 부동산수석전문위원]
“The rent rate for apartments in Seoul is just over 50%. To put pressure on the sale price, the rate must exceed 60%. »
There is speculation that the completion of Dunchon Jugong Apartments in Seoul, which was expected to give respite to the jeonse market, may be delayed from the originally planned date in November this year, so that the price hike jeonse is expected to continue for a while. .
This is Oh Yu-rim from MBC News.
Video report: So Jeong-seop / Video editing: Kim Min-sang
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