“Aftereffects of charter fraud”… 7 out of 10 non-apartment tenants rent ‘monthly rent’

by times news cr

2024-04-06 22:06:10

[빌라 기피 심화]①
The aftermath of the charter fraud continues… Villas and rentals are clearly avoided
Tenants are forced into high monthly rent exceeding 1 million won

ⓒNewsis

Villas (rows and multi-family homes) are being neglected in the wake of the nationwide rental fraud. As the aversion to villas becomes more evident, an unstable trend continues, with the monthly rent accounting for the highest proportion of all time in the villa rental market.

The proportion of monthly rent in new lease transactions exceeded 70%. This means that 7 out of 10 non-apartment tenants have signed a monthly rent contract. According to the ‘February Housing Statistics’ released by the Ministry of Land, Infrastructure and Transport, the proportion of monthly rent transactions among non-apartment rental transactions nationwide from January to February of this year (cumulative) was calculated to be 70.7%. This figure is the sum of data from the rental reporting system and confirmed date reporting data.

The share of monthly rent in non-apartment rental transactions nationwide was 54.6% in 2022, but it rapidly increased to 66% last year and 70% this year. It has risen by 16.1% points in two years. In particular, monthly rents in rural areas are even steeper. The proportion of non-apartment monthly rents was 77.5% in January and February of this year, nearly 10 percentage points higher than the metropolitan area (67.8%). The monthly rent ratio in Seoul is 69.7%.

In addition, transactions of high-priced villas with a monthly rent of more than 1 million won are increasing. In fact, the average monthly rent for newly built townhouses and multi-family homes in Seoul exceeded 1 million won. According to Station 3, a real estate information platform operator, the average monthly rent for townhouses and multi-family homes (exclusive area of ​​33 m2 or less) in Seoul less than 5 years after completion and with a deposit of 10 million won was calculated to be 1,015,000 won. This is the result of analyzing the average monthly rent for townhouses and multi-family homes traded in the metropolitan area in February based on the actual transaction price of the Ministry of Land, Infrastructure and Transport.

This is a 9% increase compared to the same month last year. Recently, as jeonse fraud has emerged as a social problem, demand for jeonse has decreased and demand for monthly rent has increased. In fact, the monthly rent ratio among all villa rental transactions nationwide last January was 56.2%, the highest proportion since January 2011 when the Ministry of Land, Infrastructure and Transport began compiling related statistics.

Monthly rent in Seoul was calculated to be up to twice as high compared to other areas in the metropolitan area. The average monthly rent for a newly built studio in the Gyeonggi region was 633,000 won, and the average monthly rent in the Incheon region was 537 million won. The average monthly rent for new construction in Seoul is 1.89 times higher than in Incheon.

Looking at the average monthly rent for a studio in Seoul by year, it is KRW 776,000 for 5 to 10 years, KRW 661,000 for 10 to 20 years, KRW 795,000 for 20 to 30 years, and KRW 716,000 for over 30 years. appear.

Experts predicted that the villa rental avoidance phenomenon would continue for the time being.

Kwon Dae-jung, a professor of real estate at Sogang University Graduate School, said, “Due to a series of jeonse fraud cases, monthly rent transactions have increased as tenants have no choice but to choose monthly rent to protect their deposits.” He added, “As concerns about jeonse fraud still remain and distrust of the jeonse system grows, villa rentals have increased.” “The phenomenon of people avoiding jeonse will continue for some time,” he explained.

[서울=뉴시스]

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2024-04-06 22:06:10

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