loan regulation for 2 months...more than half of seoul apartment transactions worth less than 900 million won

The government's tightened lending regulations have more than halved the portion of transactions worth less than 900 million won among apartments in Seoul that have been sold since September.

According to an analysis of the Ministry of Land, Infrastructure and Transport's actual transaction price system, 2,184 out of 4,138 apartments in Seoul that were sold from September to October and reported transactions by the 25th of this month were less than 900 million won, accounting for 52.8% of the total.

This is an increase of nearly 10 percentage points compared to 43% of the 15,341 cases sold in the previous two months between July and August.

Seoul apartment transactions have plummeted since September, when commercial banks raised interest rates on loans due to household debt management, along with the government's implementation of the second phase of stress DSR.

In particular, the contraction of transactions in the middle and high-priced range of 900 million won to 1.5 billion won was remarkable.

It decreased by more than 6 percentage points from 33.7% in July to August to 27.6% in September and October.

The proportion of transactions in the range of 1.5 billion won to 3 billion won also decreased by 4 percentage points from 19.2% in July to August to 15.1% in September and October.

On the other hand, the proportion of ultra-high-priced apartment transactions exceeding KRW 3 billion increased from 4% in July to August to 4.5% in September and October.