00:12Proportion of housing purchase loans in the three Gangnam districts
00:30The inherited and gifted funds from my parents, along with the cash from selling stocks, swallowed it all up.
00:36This is why it is pointed out that the regulations will actually cut off the ladder for ordinary office workers and encourage the inheritance of wealth.
00:43Through measures announced on June 27 of last year, the government capped the limit on housing mortgage loans in the Seoul metropolitan area and regulated areas at 600 million won.
00:51The measures released on October 15 that followed were even stronger.
00:53The loan limit is 600 million won for homes priced at 1.5 billion won or less, 400 million won for those between 1.5 billion and 2.5 billion won, and for ultra-high-priced apartments exceeding 2.5 billion won.
01:03We limited it to 200 million won.
01:04It was effectively a declaration not to take out bank loans when buying apartments in the three Gangnam districts, where the average sale price exceeds 2 to 3 billion won.
01:12However, the buying spree in the market did not stop.
01:16According to funding plan data obtained by the office of People Power Party Rep. Kim Jong-ryang of the National Assembly's Land, Infrastructure and Transport Committee,
01:21From January to the end of April this year, inherited and gifted funds invested in housing purchases in the three Gangnam districts amounted to 632.3 billion won, accounting for 7.2% of the total.
01:32This figure represents a nearly twofold surge in proportion in just two years compared to the 3.9% recorded in 2024.
01:39By district, Songpa-gu was the highest at 7.6%, followed by Gangnam-gu at 7.0% and Seocho-gu at 6.8%.
01:48On the other hand, the proportion of inheritance and gifts in outer areas with relatively low housing prices, such as Gangbuk-gu (3.7%), Dobong-gu (4.0%), and Geumcheon-gu (4.3%), is
01:57It was only half the level of Gangnam.
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