"I'll give you 30 million won in home loan interest"...Iksan City Population Experiment Will It Be Successful?

[Anchor]
Iksan-si, Jeollabuk-do, has announced a new population stimulus plan that pays young people up to 30 million won in interest on home purchases.It's an experimental policy with the modifier

's largest interest cash aid in the country', but will it succeed?

Reporter Kim Min-sung's report.

[Reporter]
Iksan-si, Jeollabuk-do,'s new population policy is to reduce the burden of housing costs by supporting loan interest.

Newlywed couples who bought a house and received a loan or young people moving in are the main targets.Support is provided for three years, up to 6 million won per year

, but if you have children during the application period, you will pay up to two more years of interest.

The income standard is set with an annual income of less than 60 million won for unmarried people and a combined annual income of less than 100 million won for married people, and the application rate is also applied differently.

[Kang Young-seok / Vice Mayor of Iksan, North Jeolla Province: Iksan City's unconventional interest support policy encourages marriage and childbirth culture and promotes the influx of young people....]

If the conditions are met, you can receive up to 30 million won arithmetically.

It is evaluated as a customized population policy aimed at young people who are willing to live in Iksan for a long time, especially considering giving birth.

However, the strained real estate consumer sentiment in Iksan is a major variable that will determine the success or failure of this policy.

According to the monthly housing price trend of the Korea Real Estate Agency, Iksan City's home sales index in September was 95.4, which has been falling for 25 consecutive months since September 2022.

In addition, Iksan-si's planned occupancy volume is about 15,00 households by the first half of 2026.

This is more than half of the total number of households scheduled to move into Jeonbuk Self-Governing Province during the same period.

Some point out that Iksan should also keep a close eye on future housing price volatility in light of the case in Daegu, where real estate sentiment has been frozen due to oversupply.

Experts advise that when deciding to buy a home, you should consider your financial situation and the flow of the local real estate market.

[Kim Jun-hyung / Professor of Real Estate at Myongji University: Making a decision to buy a house just because the loan interest is supported may be an unwise choice for households, so you need to be careful.]

Prior to the policy announcement, Iksan City estimated the required budget of 2.2 billion won per year.

We are interested in how this investment to secure the population waist will achieve.

I'm Kim Minsung of YTN.