A study on real estate market stabilization using principal repayment deferment method

The purpose of the study is. The hard landing of the housing market due to soaring interest rates has a great impact on the national economy as well as individuals, raising the need for a soft landing policy to ease a hard landing of the housing market, that is, stabilize the housing economy. To this end, the housing market needs policies to prevent rapid price declines by reducing the number of sudden sales and allowing borrowers to safely pass the interest rate confusion period to stabilize people's housing lives and prevent financial institutions from becoming insolvent. To this end, this study aimed at stabilizing all real estate markets and gently stabilizing the housing market by delaying principal repayment for a certain period of time and paying interest only. As a result of the study, it was confirmed that the borrower's repayment burden could be maintained at the level of the interest rate stabilizer by delaying a certain percentage of the repayment principal, especially when 50% was applied, as the monthly repayment (3,053,000 won) and the interest rate stabilization period were similar. Therefore, this study suggests that a certain percentage of principal repayment prevention methods for a certain period of time have the effect of preventing rapid price declines in the housing market and allowing borrowers to safely pass the interest rate confusion period.