Real Estate Market: Rising Demand and Insufficient Supply

The rising monthly rent, transitioning demand, and insufficient supply indicate a typical market surge, posing concerns about the future stability of rent prices.

### Jeonse Market Analysis and Outlook with Kim In-man
* 📈  Due to **low supply, low interest rates**, and the transition of some demand from the non-apartment market to the rental market, a typical situation of **increasing demand and insufficient supply** is forming, leading to **rising rental prices**.
* 🔍  The key question is when the rental prices will **stop rising**. If they **stabilize or drop** in the second half of this year and next year, there is no need to worry.
* 🏠  The jeonse renewal rate is decreasing as interest rates rise, with the 2024 jeonse prices **increasing by about 54%**.
* 💰  Tenants are strategically saving their jeonse renewal requests, betting on a **long-term rise in housing prices**.
* 📉  There are concerns about the side effects of the Lease Protection Act, but it is necessary to **address the flaws and disputes within the law**.
* 🏗️  In Seoul, the supply of new housing is expected to be **practically exhausted** by around the first half of 2025, leading to the **continued rise in jeonse prices**.
* 🔒  Strengthening security deposit insurance could be a solution to **stabilize the market**.
* 🏠  It is challenging to prevent housing scams targeting young social newcomers, and **filtering them out in the system** is necessary.
* 👥  Real estate agents play a crucial role in the market, but there are cases of agents refusing to handle lease contracts due to the **complexity of the work** and the **low compensation**.
* 📝  The government has delegated its responsibilities to real estate agents, and there is a need for a system that can **automatically check stability of lease contracts**.

내년도 전세 시장 심각하다 앞으로 부동산 이렇게 됩니다 [김인만 소장 1부]

직장인이 할 수 있는 재테크 정보를 제공합니다
각종 비즈니스 문의 : buiknamtv@gmail.com 

주제와 무관한 댓글, 욕설은 사전 동의없이 삭제될 수 있습니다.
채널 내 모든 영상은 허가 없이 무단으로 사용될 수 없습니다.


부읽남TV_내집마련부터건물주까지

Rising demand and low supply volume are causing a shift from the non-apartment market to the rental market.

The monthly rent prices are steadily increasing, leading to unease among the people.

The current situation presents a typical rising market, and the key question is when the rental prices will stop increasing, especially with the recent decrease in interest rates.

Fluctuating Jeonse Prices and Contract Renewals

Jeonse contract renewal rates have been high, but are now decreasing as interest rates rise.

Despite the drop in rent prices, tenants are hesitant to renew their contracts, anticipating further price increases in the housing market.

The uncertainty in the market is leading tenants to strategically save their contract renewal option for a time when they expect a significant rise in housing prices.

The Impact of Increasing Moving Costs and Lease Regulations

Moving costs have nearly doubled, causing surprise and concern for many people.

The Lease Protection Act, including the 5% contract renewal limit, is designed to stimulate gradual rent increases and is causing debate and opposition.

The implied renewal clause in the law allows tenants to easily terminate their lease, leading to calls for a need for more responsibility and accountability in the rental process.

Revising the Lease Protection Act and Its Impact on Housing Prices

Revising the Lease Protection Act is necessary to resolve disputes and flaws in the law.

Stimulating the housing market minimally is important to prevent excessive price increases, while increasing housing supply is crucial for stabilizing lease prices, especially in Seoul.

The impact of public land development projects on the metropolitan area may help alleviate the housing price situation in the next 2-3 years.

The Dilemma of Jeonse and Property Prices

The minister believes that resolving the issue of jeonse is nearly impossible and suggests leaving it to the market forces.

There is a concern about the lack of supply in Seoul's land, contributing to the continuous rise in jeonse prices.

The minister is against the government's intervention in developing the market and proposes quickly resolving the issue of key money to stabilize the non-apartment market.

The Need for Improved Stability Checks in Lease Contracts

A new housing policy is being introduced to stabilize the market and provide relief to victims, focusing on regulating lease contract issues.

There is a call for the government to automatically conduct stability checks on lease contracts, using technology to identify and address issues.

Real estate agents are being delegated the responsibility to thoroughly check lease contract details, but there is a need for natural and diligent compliance, with the potential for severe punishment for fraudulent behavior.

The Challenges of Real Estate Transactions

Real estate agents are facing ethical dilemmas, as some consider fraudulent activities more profitable than risking qualification cancellation.

The decreasing interest rates have led to agents refusing certain contracts, contributing to a lack of trust in the industry.

There is a growing need for education and campaigns to prevent housing scams and establish a more secure contract system, as many people, including young professionals, are unaware of the laws and regulations.

The Complex Real Estate Market: Trends and Concerns

Jeonse prices are unlikely to drop again, leading to a potential surge, which usually results in increased monthly rent.

The current real estate market in Seoul is favoring buyers, especially those looking to upgrade, with the expectation of housing prices continuing to rise.

The situation is causing unease for potential buyers, particularly those in the jeonse system, who may need strategies to navigate the market.