Half of the top five banks are talking about "tuk"...Will house prices decline?

[Anchor]
This month, the amount of new mortgage loans for home purchases by commercial banks plunged to half that of September.

This is due to a decrease in apartment transactions due to stricter loan regulations, so can the rise in housing prices be dampened?

I'm reporter Lee Hyungwon.

[Reporter]
Individual mortgage loans for home purchases handled by the five major banks have decreased significantly.

Until the 17th of this month, it was only 3.4 trillion won.

On average, it was 200 billion won per day, down 40% from last month.

In particular, it plunged by nearly half compared to the average daily handling in September excluding the Chuseok holiday.

Young-chul, who is forced to pay for his own house, has slowed down.

As a result, the overall rise in household loans has also been dampened.

During the same period, the balance of household loans in the top five banks increased by 700 billion won.

At this rate, it is only 1 trillion won this month, which is expected to fall far short of August and September.

Analysts say the mood has reversed as the number of apartment transactions in Seoul, which has led to a surge in household loans, has decreased.

In fact, the number of apartment sales in Seoul dropped sharply after hitting a record in July.

Stress DSR Phase 2 to effectively reduce loan limits,
This is the result of the
banking sector raising its own lending threshold.

However, experts say that as the housing supply itself is still insufficient, demand is unlikely to decline and housing prices will return to a downward trend.

[Seok Byung-hoon / Professor of Economics at Ewha Womans University (YTN): It is considered an optical illusion that housing prices in Seoul have been caught. The fact that the number of new houses in Seoul will drop sharply in the future has still not changed. With the possibility of another explosion of pent-up demand for home purchases early next year....]

He advised that preparations such as expanding DSR regulations are needed as housing prices and loan sizes can immediately pop up if regulations that are hindering demand for loans are loosened.

I'm Lee Hyungwon of YTN.

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video: Lee Eunkyung
Graphic:O Jaeyoung