2030 Jeonse and Monthly Rental Market: Warning of Deepening Supply Shortage

There is a high possibility that housing supply periods will be delayed due to local government schedule adjustments. In particular, it is uncertain how long the supply volumes confirmed for 2030 will actually continue. The host mentioned, “It’s true that we don’t know how long the confirmed supplies for 2030 will extend into the future, so while we can’t definitively say this will cause home prices to keep rising…”

Although it is difficult to definitively state that home prices will rise, awareness of this supply uncertainty is necessary. Data on the supply shortage in the Jeonse and monthly rental market already shows a serious level, emphasizing the importance of thorough preparation.

It is essential to have sufficient immediately available funds in your checking account.

The dates for selling, buying, and moving must align precisely like cogs in a wheel; if even one is off, the entire plan risks derailing. Adjusting the balance payment schedule with ample time, even considering home repair periods, can prevent unnecessary problems.

These principles are more than just plans; they are crucial guidelines for preparing for various variables that can arise during the actual transaction process.

There must be specific goals tailored to individual circumstances, such as asset growth, commuting convenience, or children's education. Without a clear purpose, it is difficult to make the right decision as one's mind can waver with each property visit.

The second is to thoroughly check current asset status and determine the areas affordable with that money. It is crucial to first select a region that fits the budget, considering areas within Seoul with reasonable prices such as Nowon, Seongbuk, Eunpyeong, and Guro.

Finally, choose a suitable location and apartment complex, considering family members and living environment. It is important to comprehensively consider factors such as schools, transportation, and amenities that match the family's lifestyle.