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

[Anchor]
More than half of Seoul's apartments sold since September have been traded under 900 million won due to the government's tightened lending regulations.

On the other hand, apartment transactions with less than 900 million won to 1.5 billion won without policy loan support fell the most.

Reporter Oh In-seok on the report.

[Reporter]
The Seoul apartment sales market plunged in September as banks raised interest on loans due to household debt management, along with the government's implementation of the second phase of stress DSR.

After decreasing from 9,024 cases in July to 6,329 cases in August, 2,890 cases were reported in September, halving from August.

Of the 4,138 apartments in Seoul that were sold from September to October and reported transactions by the 25th of this month, 2,184 transactions worth less than 900 million won were recorded at 52.8%.

That's up nearly 10 percentage points compared with 43% in the two months just before July and August.

On the other hand, the proportion of sales of 900 million won to 1.5 billion won decreased by more than 6 percentage points from 33.7% in July to August to 27.6% in September and October.

Unlike low-interest government policy loans, such as special cases for newborns, houses under 900 million won were excluded from government support, which was the hardest hit by bank interest rate hikes and financial regulations.

The proportion of transactions in the range of 1.5 billion won to 3 billion won also decreased by 4 percentage points from 19% in July to August to 15% in September and October.

[Park Won-gap / Senior Specialist at KB Kookmin Bank: The rising threshold for loans has led to a decline in trading volume and a slowdown in house price growth, and if this trend continues, the Seoul apartment market is expected to enter a correction phase.]

The proportion of ultra-high-priced apartment transactions exceeding 3 billion won increased to 4.5% during the same period.

This means that ultra-high-priced apartments have been less affected by loan regulations, even amid a decline in overall trading volume.

This is YTN Oh In-seok.

Edit Video: Byun Ji-young
Design: Lee Wonhee