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the principle of transfer and consequence of taxes
It's a real study of.
A study found that if the landlord's home ownership tax increases by more than 1%, the monthly rent of tenants will rise by 0.06% the following year.
Analysts say that if the landlord's comprehensive real estate tax rises by 3.32 million won per year, the rent paid by the tenant will also rise by 200,000 won per year
The institute analyzed data from 22 OECD countries, including Korea, for 20 years from 2000 to 2020.
After selecting data such as renters' profits, housing ownership taxes, housing prices, and housing demand and supply in each country, it was calculated by introducing the "Houseman and Taylor Estimation Method," an applied statistics analysis technique. As a result, it was concluded that home ownership tax and monthly rent have a 'positive (+) correlation' that increases in proportion.
According to the average survey value of 22 countries, including Korea, if the housing ownership tax increases by more than 1%, the monthly rent of tenants will rise 0.06% the following year.
It is the first time that the holding tax burden is passed on to the monthly rent during a new lease contract, which is the first time that it has revealed common sense or correlation in the real estate market in figures. In other words, 200,000 won per year was transferred to monthly rent.
The comprehensive real estate tax rate is on the rise every year, with 0.5 to 2.0% in 2018 for two houses (adjusted areas) and three or more houses, 0.6 to 3.2% in 2019, and 1.2 to 6.0% last year.
The researcher argued that it is 구로셔츠룸 difficult to transfer the burden of raising the comprehensive real estate tax to the jeonse price, but it is likely to be directly proportional as it can relatively easily affect monthly rent with a small amount of money.
Ma Ji-hyun, a senior researcher, pointed out, "The comprehensive real estate tax was introduced to stabilize real estate prices and balanced development of local finances, but the increase in the tax burden is actually causing side effects of transferring taxes to tenants."
Of course, it is the result of research by private researchers, and there may be some bias. (Statistics are intended)
However, it is meaningful that it is the first research result calculated in numbers using statistics from not only Korea but also major countries.
Additionally, on the transfer and consequences of taxes
Let me write down the basics. (Common sense of real estate)
To understand the transposition and consequence of taxes,
First of all, understanding the 'elasticity' of the real estate market
Must be preceded.
1. What is elasticity?
Simply put, a response to a stimulus on the market.
If the response is big compared to the stimulus, it's elastic
If there's less response to the stimulus, it's inelastic
For example, 10% year-on-year supply to the housing market
Let's say you've improved.
If the demand is fixed, then the supply has increased
It's normal for prices to go down.
But the demand is so strong that the price has fallen less?
= an inelastic market
But if interest rates rise and demand decreases further?
= a resilient market
