Half of 30-40s Want LTV Regulation Eased to Buy a House

Survey on Real Estate Policies Conducted with 1,524 Zigbang Users
Policy Opinions Vary by Age and Home Ownership Status

[Asia Economy Reporter Onyu Lim] As the government strengthens loan regulations to curb rising housing prices, more than half of the 30s and 40s age group believe that easing the Loan-to-Value (LTV) ratio regulations is necessary.

On the 27th, Zigbang conducted a survey on real estate policies targeting 1,524 application users, and half of the respondents (49.4%) answered that LTV regulations should be 'eased.' Those who said it should be 'strengthened' accounted for 29%, and those who said it should be 'maintained' were 21.6%.

By age group, the responses for 'should be eased' were particularly high among those in their 30s and 40s, at 50% and 52.6%, respectively, compared to other age groups. Ham Young-jin, head of Zigbang Big Data Lab, explained, "People in their 30s and 40s are the age groups most likely to purchase homes, reflecting their hope for a reduction in the burden of loan regulations."

Regarding the amendment to the Comprehensive Real Estate Tax Act, which focuses on strengthening the comprehensive real estate tax rate, 68.6% of respondents said it was 'necessary.' By age, 72.9% of respondents in their 30s said it was 'necessary,' higher than other age groups. On the other hand, those who said it was 'not necessary' accounted for the 10% range among those under their 20s to 30s, while those aged 40 and above showed responses in the 20% range, showing differences by age group. By housing ownership status, 79.9% of respondents without homes said the related policy was necessary, higher than 56.5% of respondents who owned homes.

Regarding the 'Lease Reporting System (Jeonwolse Reporting)' currently under discussion along with the 'Jeonwolse Rent Cap System' and 'Contract Renewal Request Right,' 71.1% responded that it was 'necessary.' By housing ownership status, 80.1% of respondents without homes said the policy was 'necessary,' higher than 61.3% of respondents who owned homes.

Regarding the 'Private Land Pre-sale Price Ceiling System,' scheduled to be fully implemented from the end of July, 63.3% responded that it would have an impact on stabilizing housing prices, and 57.4% said the same about the 'Metropolitan Area Housing Supply Base Strengthening Policy' announced on the 6th.

Ham Young-jin, head of Zigbang Big Data Lab, said, "While policies have positive functions, they also have side effects. It is necessary to minimize the side effects of policy implementation and promote detailed policies aimed at stabilizing housing prices for actual demanders."