NEW GUIDELINES ON REAL ESTATE POLICY

입력 2020.08.19 (15:19) 수정 2020.08.19 (16:46)

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[Anchor Lead]

Finance Minister Hong Nam-ki announced today that the jeonse-to-monthly-rental conversion ratio will be lowered to 2.5% from the current 4%. Hong said that the decision came after considering landlords' mortgage loan interest rates and the fact that the current 4% rate could put a heavier burden on renters by facilitating homeowners to turn their jeonse contracts into monthly rental ones.

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  • NEW GUIDELINES ON REAL ESTATE POLICY
    • 입력 2020-08-19 15:11:14
    • 수정2020-08-19 16:46:33
    News Today
[Anchor Lead]

Finance Minister Hong Nam-ki announced today that the jeonse-to-monthly-rental conversion ratio will be lowered to 2.5% from the current 4%. Hong said that the decision came after considering landlords' mortgage loan interest rates and the fact that the current 4% rate could put a heavier burden on renters by facilitating homeowners to turn their jeonse contracts into monthly rental ones.

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