28.2% → 32.9%… Seoul apartment counter trend increase

A residential area in Seoul. yunhap news

After the new lease law (preliminary monthly tax limit and contract renewal right system) came into effect at the end of July last year, it was found that rental transactions with monthly rent such as the reverse trend increased. In fact, it is analyzed that the phenomenon of’Jeonse becoming monthly rent’ is accelerating and the tenants’ housing burden is increasing.

According to the Seoul Real Estate Information Plaza on the 14th, after the enforcement of the Lease Act, the total number of apartment rental transactions in Seoul for 6 months from August last year to January this year was totaled 7,5684. Of these, except for jeonse with only pure deposit, the number of transactions with monthly rent was 2,4909, accounting for 32.9% of all transactions. The rate of reverse tax (including monthly rent) increased by 4.7 percentage points, which was 28.2% in the six months immediately before the enforcement of the lease law (from February to July last year).

The Seoul Metropolitan Government categorizes lease transaction types into jeonse (no monthly rent), monthly rent (deposit is less than 12 months of monthly rent), semi-monthly rent (deposit is 12 to 240 months of monthly rent), and semi-jeonse (deposit exceeds 240 months of monthly rent) It is counting.

Experts believe that when the increase in the holding tax at a low interest rate is foretold, landlords often turn the increase in rent to rent. As jeonse prices soared due to shortage of jeonse sales, more and more tenants made anti-war tax contracts to eat mustard while crying.

The cost of the reverse tax continues to jump. In the case of Helio City (84㎡) in Garak-dong, Songpa-gu, the largest complex in the country, in the first half of last year, a deposit of 100 million won and a monthly rent of 2.5 million won were priced. The transaction was made at 3.3 million won per month.

Reporter Park Sejun [email protected]

[ⓒ 세계일보 & Segye.com, 무단전재 및 재배포 금지]

Source: 경제 by www.segye.com.

*The article has been translated based on the content of 경제 by www.segye.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!