Listed prices for apartment houses that have risen sharply… Will multi-homed’sell’

Experts “I have to watch until the end of next month…the possibility of transferring tenants of possession tax”

Not only multi-homed people, but also one-homed owners who own expensive homes are likely to increase.

(Seoul = Yonhap News) Reporter Hong Kook-ki = As the public housing price for apartments this year soared more than 19% compared to last year, attention is focused on whether the real estate market will increase the number of quick-selling items with lower prices.

According to the Ministry of Land, Infrastructure and Transport on the 15th, the rate of change in the publicly announced price of apartment houses this year was 19.08%, the highest in 14 years since 2007 (22.7%).

Sejong, which had the highest rate of increase in house prices in the country last year, reached a whopping 70.68%.

The published real estate price is used as a basis for calculating various public contributions such as health insurance premiums, as well as ownership taxes such as property tax and comprehensive real estate tax, and has a great influence on the property rights of the people.

Experts predict that not only multi-homed people, but also single-homed people with high-priced homes, will have a big backlash.

Professor Kwon Dae-jung of the Department of Real Estate at Myongji University said, “There may be some young people who bought a house with a soul or a gap investor who are subject to comprehensive real estate tax.” The feeling of deprivation will increase,” he expected.

Professor Kwon said, “The increase in the public price is not a temporary increase in the tax burden like the acquisition tax or the capital gains tax, but it has a lasting effect on the household burden.” Will suffer,” he added.

Kim In-man, director of the Real Estate Research Institute Kim In-man, said, “Even if the public housing price rises, it has risen too much,” and said, “It is not desirable to put an excessive burden on unrealized profits.”

According to the Real Estate Disclosure Act, the Ministry of Land, Infrastructure and Transport requires the public price to reflect the fair value, and it is urgent to realize the public price so that the real estate asset value can be accurately calculated in order to secure the fair taxation system and the welfare system.

Park Won-gap, senior real estate expert at KB Kookmin Bank, said, “It is important to realize the public price, but it has risen too rapidly.”

Experts are paying attention to whether or not there will be a quick sale starting from the announcement of the publicly priced price, which has recently increased due to the government’s successive supply measures.

Senior Expert Park Won-gap explained, “There may be sales for multi-homed people who want to dispose of their homes by next month, but the market will not be staggering.”

He added, “After June 1, the burden of the transfer tax for multi-homed people in areas subject to adjustment such as Seoul becomes heavier, resulting in a lock-in effect, which could be a factor in market uncertainty.”

Currently, the basic tax rate for transfer tax is 6-45%, and in areas subject to adjustment, two homeowners add 10% points to this, and three or more homeowners add 20% points.

However, from June this year, the highest rate of transfer tax for multi-homed people will rise from 55 to 65 percent (excluding local income tax) to 65 to 75 percent, and after June the lockdown will become severe.

On the other hand, there are opinions that some multi-homed people can survive by passing the increased ownership tax to tenants.

This is because we do not know how the government’s real estate policy will change depending on the results of the re-election next month and the presidential election next year.

Professor Kwon Dae-jung said, “From the perspective of multi-homeowners, the burden of the public price increase will be considerable.” There is also a concern that it will rise further,” he said.

Park Hap-soo, a senior real estate expert at KB Kookmin Bank, said, “The announcement of the published price will deepen the troubles of multi-homed people at the crossroads of deciding whether to sell or hold.”

Expert Commissioner Park expressed the view that “it is still difficult to predict whether multi-homed people will be able to sell with the heavy duty of the transfer tax leaving a’smart one’, or whether they will survive while paying the increased ownership tax.”

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2021/03/15 11:45 sent