The’Monthly Rent Prohibition Act’ comes into effect today. Applicable to the upper limit on sales rights in the metropolitan area, the winners of the housing subscription must reside for a minimum period of 2 to 5 years. By covering the insufficient funds with a jeonse deposit and moving in later, my home arrangement is virtually blocked.
The real estate industry predicted that with the enactment of the cheonsei ban law, subscriptions to the metropolitan area will be made more difficult for the homeless commoners to buy their own homes, as only cash-rich people can sign up.
According to the real estate industry and the government on the 19th, residence obligations are imposed on houses subject to the upper limit on pre-sale prices in the metropolitan area (partial sales system), which announces the recruitment of tenants from this day. Amendments to the Enforcement Decree of the Housing Act passed the state council meeting on the 16th, and it will take effect on this day.
The mandatory residence period is 3 years for private residential lands, for less than 80% of the surrounding market price, and 2 years for more than 80% to less than 100%. For public housing, the market price of less than 80% is 5 years and more than 80% and less than 100% is 3 years. This is the extension of the period of mandatory residency currently in effect in public residential lands to apartments that apply the division system for private residential lands.
The government explained that it is a measure to cut off speculative demand and supply partial housing to end users.
However, the market reaction is completely different. The real estate industry calls this measure a ban on rent to cheonsei.
In general, prospective tenants who had difficulty in financing did not move in right away, and they covered the insufficient funds with a jeonse deposit. I have been preparing my house by paying the balance of the rent as a deposit for the rent and living in the future. However, in the future, the provision of mandatory residence period for bunsang apartments will block this method.
Complaints of homeless people erupted. Protests have been raised one after another on online real estate communities such as Naver Cafe and on bulletin boards for national petitions at the Blue House.
There are many reactions that the pre-sale price of the apartment system is expensive, contrary to the government’s explanation, and the burden of financing has increased rapidly.
Mr. A, in his 40s, said, “It has blocked all loans and now we can’t even rent apartments for sale.” Was vomiting.
In addition, it is pointed out that the cheonsei ban law not only increases the difficulty of homeless people to find a home, but also affects the rental market. It is an opinion that the enactment of the cheonsei ban law will intensify the cheonsei crisis as the amount of new apartments will decrease.
In this regard, the Ministry of Land, Infrastructure and Transport, the ministry in charge of this, said, “Considering the construction period, the actual occupancy period is between 2024 and 2025,” he said. He replied that concerns, such as the intensification of the jeonse crisis, were lean.
An official from the Ministry of Land, Infrastructure and Transport said, “The principle is to provide first-class housing to homeless people.”
It was written with the content provided through News1.