The [Korea sinyuncheol financial newspaper reporter] the aftermath of the financial sector is having to tighten household lending the housing market. This is because the existing mortgage banks have already seen the stringent criteria also apply to the movement of new apartments in the collective loan situation even harder Jean opportunity to receive a loan guidelines introduced.
Banks have reduced the overall lending decision picky than ever after the borrower's ability to repay the loan through guidelines. This keynote will start to apply to groups that include the loan balance, yijubi, interim loan. Banks would have to explain to the loan risk assessment in accordance with the precautionary management of household loans the government order.
◇ group lending rates rise, some areas more than 5%
Housing finance is a significant increase in the state referred to home prices are expected to climb itgie there is also a standard market interest rate stance has changed.
Loan interest groups emerged in some cases up an average of 0.6 percentage points in just four months, higher than the private mortgage loans. 5 collective loan interest rate is the average bank last September to 0.61% in just four months, annual 3.15% annual 3.76% in January this year and climbed from the point.
Group lending is the low product characteristics damae the release rate than gujora individual mortgage loans. However, the reverse will happen as interest rates are picky standards. The average interest rate of the loan based on the population in December last year, five banks recorded an annual 3.68%, the average interest rate mortgage loan repayment scheme 3.45%, mainly individuals receive.
The higher interest rates because lenders group recorded a second month in a row minus. According to national banks, Shinhan, on the 14th, one of our group in January, the loan balance of cooperatives, including five commercial banks fell by 331.9 billion won compared to 108.3857 trillion won in December last year to 108.0538 trillion won. Considering that a decline the previous month decreased 230.7 billion 562.6 billion won for two months.
Given the collective loans 5.4197 trillion won, last year increased by 13.7547 trillion won in 2015. Well it can be seen that the recent real estate market is shrinking.
5 collective loan balance of the Bank 1.051 trillion won in September last year, the increase eoteuna juleotgo 24.6 billion won to 10 March 9000, 66.9 billion won in November 7000 even turned to negative from December.
Regional groups also seem to lending rates polarization. 1 of Gangnam apartments month interim loan interest loan interest rates went up In Geoje, Gyeongnam off restructuring in the shipbuilding industry downturn due to economic vitality, but open 2.98% up to 5.0% a year. Interim loan average interest rate of the last month in Seoul Gangbuk area apartment 3.51~3.61%, game area is 3% level was late. 4% who apply for places, such as interest rates were the circumference of Ulsan, Gyeongbuk Gimcheon, Gangwon Province.
◇ housing market likely to shrink in earnest
Homeland additional 14 days according to the first housing transactions in January announced January trend nationwide home sales volume is five more than 18 000 cases. The housing market decline 6-25% compared to the same month last year and showed good 2015 and in January 2014 (condition 59 000) level. January is the lowest since nationwide house price inflation two years (-0.26%) rate the same month in 2013, to 0.02%.
Real estate market is likely for the time being not good. Since January 1 this year, when the first credit assessment of the borrower-specific information to enhance income test for the balance of the loan lending groups that apply guidelines apply will be reduced transaction itself. In fact, according to KB Kookmin Bank Real Estate reports the median price of an apartment in Seoul in January fell 500 000 012 Mon ₩ 502,430,000 ₩ 98,280,000 more than in the previous month to 95.85 million won in 2016. When this happens when the profits of the sale Apartment difficult to meet interest rates riser of postponing a deal may suffer yijunggo loan interest costs are increasing.
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