65% Trading Higher After Seoul Apartment Loan Regulations...The weight of the rise is reduced.

Although the transaction volume of apartments in Seoul has plunged over the past two months when the government tightened lending regulations, there are still many upward transactions compared to the previous price where the transaction took place.

Real Estate R114 and Yonhap News analyzed the transactions of apartments in Seoul reported to the Ministry of Land, Infrastructure and Transport's actual transaction price system and found that 65% of the contracts that had transactions in September-October when loan regulations began in earnest and July-August, the previous two months, sold at a higher price than the previous contract.

However, the proportion of rising transactions fell by 13%p in the wake of loan regulations compared to 78% in July-August compared to May-June.

Excluding flat trading also rose to 33% in September-October, compared with 21% in July-August, respectively, compared to the previous two months.

By distinction, non-Gangnam areas, which are heavily affected by loan regulations, had a high proportion of downward transactions, and Gangnam areas, which are relatively less affected by loans, had a high proportion of upward transactions.

In Gwanak-gu, rising and falling transactions accounted for half of each in September-October, while in Jungnang-gu, 48% of falling transactions were higher than 46% of rising transactions, excluding flat transactions.

Yongsan-gu, on the other hand, saw 84 percent of the rising transactions, but only 16 percent of the falling transactions, while Gangnam-gu saw 76 percent of the rising transactions and 23 percent of the falling transactions.