A house that used to live for 45,000,000, and now the jeonse is 65,000-News Zoom

[뉴스줌=정진태기자] As the jeonse price has continued to rise in recent years, places where the current jeonse price exceeds the trading price of just three years ago are emerging one after another. A house that could live for 450 million won is now in a situation where it is possible to rent a house with an additional 200 million won, rather than a jeonse. According to KB Real Estate Liveon, the nationwide apartment charter price has risen 27.7% (7.39 million won → 93.31 million won per 3.3 square meter) for three years from 2018 to the present (as of February this year). Currently, the jeonse supply and demand index also reaches 170.4. This means that even if you are willing to pay high rent, it is not easy to find a private house.

Looking at the actual transaction price data from the Ministry of Land, Infrastructure and Transport, it is not difficult to find complexes whose current reserve price exceeded the sale price three years ago. According to the data analyzed by Real House, a real estate researcher, the 59㎡ A type exclusively for’Eunpyeong New Town Park Seokgogae Hillstate 1 Complex’ located in Jingwan-dong, Eunpyeong-gu, Seoul, hit a tenant for 620 million won (10th floor) in rent this February.

For the same type of housing, I was able to buy my house in the mid-to-late half of 500 million won just three years ago. In fact, the same housing type was traded for 555 million won (10th floor) in April 2018.

The 84㎡ type dedicated to’Jungang-dong Hillstate 2nd’ in Jungang-dong, Seongnam-si, Gyeonggi-do, was chartered for 650 million won (15th floor) in January. The same house type welcomed its new owner for 455 million won (15th floor) in January 2018. It means that you have to pay 200 million won more to the sale price three years ago to get a private house. This phenomenon can be interpreted as the effect of a relatively steep rise in jeonse prices as a new lease law was implemented at the end of July of last year, with the main body of the contract renewal request system and the cheonsei limit system. As cheonsei prices have soared to the sky for many years, and the phenomenon of jeonse goods returning continues, demand for jeonse is also turning into demand for trading. An official in the real estate industry said, “As most of the chartered properties are depleted, some people are looking for a rented house from 6 months before the maturity of the rented house.”

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