The Ministry of Land, Infrastructure and Transport plans to announce additional regulated areas as early as the 17th. /Photo = Ministry of Land, Infrastructure and Transport
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As early as the afternoon of the 17th, the government plans to additionally designate a region where house prices are overheated due to the balloon effect among non-regulated regions as early as the afternoon of the 17th.
On the 16th, the Ministry of Land, Infrastructure and Transport proceeded with the Housing Policy Deliberation Committee procedure to designate areas with steep increases in housing prices as additional areas subject to adjustment.
Earlier last month, the Ministry of Land, Infrastructure and Transport, which designated seven areas including Haeundae, Dongnae, Nam, Yeonje, Suyeong-gu in Busan, Suseong-gu, Daegu, and Gimpo, Gyeonggi-do, declared that it will consider additional designation of regions that continue to overheat.
A government official said, “The deliberation of the provincial governorship is scheduled to continue tomorrow, so the target area may be announced as early as late in the afternoon.” This is big,” he said.
He added, “It will not be widespread, but the agenda also included a plan to release some areas from the areas subject to adjustment.”
According to the Korea Real Estate Agency’s National Housing Price Trend Survey, among non-regulated local areas, the rates of increase in housing prices over the past three months are high in Paju, Cheonan, Ulsan, and Changwon.
In order to designate an area subject to adjustment, the rate of increase in housing prices in the area must exceed 1.3 times the rate of increase in consumer prices over the last three months.
When designated as an area subject to adjustment, taxation is strengthened, such as △Exclusion of the acquisition tax and transfer tax for multi-homeowners △Exclusion of special deduction for long-term holdings △Additional taxation of comprehensive real estate tax for holders of two or more houses in the target area.
In addition, △ 50% of the housing mortgage loan ratio of 900 million won or less, and 30% of the excess amount applied △ When purchasing a house, financial regulations and reinforcement of subscription regulations are applied, such as prohibition in principle of the main charge except for the purpose of living.
Bobae Lee, guest reporter at Hankyung.com [email protected]
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