The rate of increase in the jeonse price ahead of the trading price… Preset price> Trading price appears until’reverse gap investment’

– On the 8th of this month, Mr. A, who signed a charter contract for 59㎡ (17th floor) for S Apartment in Tanhyeon-dong, Ilsanseo-gu, Goyang-si, Gyeonggi-do, for 215 million won, was surprised to learn the sale price of the item immediately before sale. This is because the amount purchased by landlord B on the 25th of last month, 10 days ago, was 225 million won, which was cheaper than his own jeonse. The fact that Mr. B bought a house with’reverse gap investment’ without spending a penny of his own capital, because the jeonse price was 10 million won more than the trading price, Mr. A felt envious and confused.

Recently, the rate of rent for apartments in the metropolitan area (the ratio of rent to purchase price) has been steadily rising. This is because the rise in jeonse prices is greater than that of house prices. Gap investment, which has been quiet for a while due to high-intensity regulations, is also increasing again.

According to data from KB Real Estate Liveon on the 24th, the jeonse price rate for apartments in the metropolitan area in November recorded 66.8%, up 1.3 percentage points from October (65.5%), and increased for three consecutive months since September. It is the highest since last January (66.9%). The apartment jeonse rate in the metropolitan area has fallen since January, and then rebounded from September (64.7%). This is the first time since April-June 2016 that the jeonse price rate in the metropolitan area has risen for three consecutive months.

Industry analysts say that the strong jeonse price rate is a phenomenon that has occurred because the trading price has not been able to keep up with the jeonse price that has risen sharply due to the recent jeonse crisis. Although the house price is also rising, the rent for rent has risen more than that, and the rent for rent has risen.

In fact, as in the case above, there were 16 complexes in the Ilsan-seo-gu area with the same trading price and full set value or less than 10 million won in price difference in the last three months. An official of the G-authorized brokerage office in Tanhyeon-dong said, “As Gimpo and Paju are grouped into regulated areas every month, it is leading to a ballooning effect in Ilsan.”

For apartments in the Gangnam area, the conditions for “gap investment” have also improved.

In the case of 84㎡ dedicated to the’Lotte Castle Classic’ in Seocho-gu, it was traded for 2.16 billion won in July (refer to the actual transaction price data from the Ministry of Land, Infrastructure and Transport). Considering the fact that the same month, the jeonse was traded for 1 billion won, it would require 1.16 billion won to buy it through the cheonsei. However, last month, the actual transaction price and the jeonse price fell to 2.18 billion won and 1.2 billion won, respectively, and the `gap’ fell to 900 million won.

The 85㎡ dedicated to Dogok-dong’Dogok Rexle’ also had a gap of 1.25 billion won in July (2.65 billion won in sales, 1.4 billion won in jeonse), but this month, it has decreased to 1.45 billion won (2.84 billion won in sales, 1.8 billion won in jeonse). The 84㎡ dedicated to’Trigium’ in Jamsil-dong was also sold for 970 million won (2.80 billion won in sales and 1.1 billion won in cheonsei). This is a price that is at least 130 million won lower than in July when the gap was around 1.1 billion to 1.2 billion won (trading price 2.15 billion won, jeonse price 950 million to 1.05 billion won).

According to the statistics of apartment prices by the Korea Real Estate Agency, the sale price of apartments in Gangnam 4 district rose only 0.20% in the four months since July, but the chartered apartment rose by 3.13%, far exceeding that. In Songpa-gu, sales rose 0.20% after the new lease law was implemented, but jeonse rose 3.26%.

Jeong In-taek, director of the JNK Development Institute, said, “Gangnam’s high-priced apartments exceeded the ban on loans of 1.5 billion won, so it was a burden to buy them at once, as loans did not come out. .

It is also predicted that the demand for gap investment will continue to occur unless the jeonse crisis is resolved. It is pointed out that even if the amount of cheonsei is increased due to gap investment, the vicious cycle in which the gap investment pushes the jeonse price and the jeonse price boosts the house price may repeat.

Director Jeong advised, “If the jeonse price rises, it will eventually lead to a vicious circle of raising the house price, so we need effective measures to increase the leased property.”

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