“The house price is crazy” Seoul average house price exceeded 800 million… Loan regulation margin of 100 million remaining

The average housing price in Seoul has surpassed 800 million won, and is rapidly approaching 900 million won, which is the standard lending regulation. Contrary to the government’s intention to curb house prices by bundling loans, it seems likely that as the prices of houses in Seoul rise rapidly, there will be more sighs from the real needy who are planning to build a house.

According to KB Kookmin Bank’s monthly KB housing market trend time series data on the 2nd, the average overall housing sale price in Seoul last month was 89.7 million won, a 12.44 million won increase from the previous month (79741 million won), which was the start of the statistics in December 2008. It is the best price since.

The average housing price in Seoul has risen sharply in recent years. In June 2016, it exceeded 500 million won (5198 million won) for the first time, and then exceeded 600 million won in March 2018 (6273 million won). After two years and one month, it exceeded 700 million won in April of last year (78.1 million won) and passed 800 million won in 10 months.

The problem is that it is rapidly approaching the limit of 900 million won, which is the benchmark for lending regulations. Housing mortgage loan ratio (LTV) of less than 900 million won is 40%, but from over 900 million won, it goes down to 20%. The policy mortgage, the Bogeumjari loan standard, is lower at 600 million won. In addition, if the government’s debate on the strengthening of the total debt repayment ratio (DSR) for each individual comes out during this month, it will inevitably become more difficult for newlyweds and newlyweds to prepare housing in Seoul.

DSR is the ratio of annual principal and interest repayment for all debts such as mortgage loans, non-home mortgage loans, credit loans, and cheonsei deposit loans divided by annual income. Currently, the average DSR for each bank is 40%.

House prices jumped regardless of the type of house. The average price of apartments was 1,081.92 million won, a jump of 2,084 million won compared to the previous (1,06.08 million won), and detached houses rose 2.76 million won to 913.39 million won. Row houses rose 1.8 million won to 3,2387 million won.

Last month, the average rental price of apartments nationwide exceeded 300 million won for the first time. The average rent for a house in Seoul was 44522 million won, an increase of 6.2 million won compared to the previous month, and the average rent for an apartment was 598.29 million won, approaching 600 million won.

In the case of the metropolitan area, the median apartment cost of the apartment exceeded 400 million won for the first time at 4738 million won. The median price is the value in the middle when sample houses are listed in order of price.

In-ho Song, head of economic strategy research at the Korea Development Institute, said, “I had to properly identify the end users to protect and implement real estate policies, but I was buried in the Gangnam house price and demand suppression policies.” “The neglected aspect is great.”

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