주택시장 안정을 위한 정책 방안의 중요도 분석

Abstract

This study aims to present a direction for improvement by analyzing the relative importance of eacharea of housing policy in order to normalize and stabilize the housing market in the midst of a rapiddecline in the domestic housing market due to the global economic recession. First, areas requiringimprovement were derived due to excessive regulation among housing policies. Next, the relativeimportance of the housing policy items that need improvement was analyzed to suggest the direction forhousing policy improvement. As a result of analyzing the relative importance, the real estate financialsystem, the real estate tax system, the speculative demand suppression system, and the homelessperson-centered subscription system were found to be important in the order. Loan interest rates,LTV/DSR, capital gains tax, multi-homeowner heavy duty system, comprehensive real estate tax, andresale restrictions were recognized as the top rankings in the order of comprehensive ranking.Therefore,in order to restore the functioning of the housing market and pursue stabilization, first, the base interestrate should be stabilized to normalize the loan interest rate, and the LTV and DSR should be relaxed sothat end users do not have any obstacles in purchasing their own homes. Second, comprehensive realestate tax and capital gains tax should be alleviated. Comprehensive real estate tax needs to beintegrated with property tax or taxed based on net assets, and for capital gains tax, it is essential tolower the tax rate and ease the heavy tax rate for multi-homed people. Third, in order to recover fromthe slump in the real estate industry due to the decrease in real estate transaction volume, measures toalleviate the subject and period of resale restrictions are needed. This study is meaningful in that itempirically analyzed the need for improvement and the relative importance of each area of excessiveregulatory policy to overcome the housing market crisis, and suggested the direction of policyimprovement to normalize the housing market.