On the 10th, President Lee Jae-myung said, "Jeonse exists only in South Korea and is a kind of private finance, but I think it will gradually disappear," raising fundamental questions about the existence of the jeonse system. He continued , "The large number of jeonse loans is the main cause of rising housing prices, and a process of normalization is needed," interpreting this as the government recognizing the reduction of the jeonse system as part of a market structural change. Under the perception that excessive jeonse loans have fueled rising housing prices, there is a trend of accepting the decrease in rental listings due to strict regulations as an inevitable adjustment process. On the other hand, the market views jeonse loan regulations and multi-homeowners There is criticism that regulations are accelerating the shift toward monthly rent, with more than half of new apartment lease contracts in Seoul signed this year being for monthly rent. Experts analyze that the instability in the rental market is not simply due to market changes, but is the result of a combination of measures such as blocking gap investments, jeonse loan regulations, and the aftermath of jeonse fraud. As the rental market reorganizes around monthly rent, the burden of housing costs is becoming concentrated on tenants. As genuine buyers who cannot secure jeonse (jeonse) are moving into the monthly and semi-jeonse markets, the pressure to raise rents is increasing. If future property tax increases materialize, there are concerns that the landlord's cost burden could be passed on to tenants. There are concerns that jeonse could be passed on to tenants... Oh dear, I don't know if it's really good that jeonse disappears and shifts to monthly rent,,, but in Australia and Melbourne, people are used to renting monthly rents, but to ,,, it is that it costs a bit more, but jeonse is much better!!!!!!
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