Apartment prices have turned downward in half a year...The prospects are mixed in Seoul and the provinces.

2024.11.21. PM 6:43
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Apartment Prices Turn Down...There will be a cross between Seoul and the provinces in the future
Seoul's Rise Slows Down...The rest of the country is out of steam.
[Anchor]
Apartment prices nationwide, which have been on the rise since June, have turned downward for the first time in 23 weeks.

This is because the purchase of apartments in Seoul and the provinces is expected to show different patterns in the future, as the price of apartments in Seoul has already risen and loans have decreased sharply.

I'm reporter Kim Ki-bong.

[Reporter]
Seoul apartment sales transaction, which peaked in July and has been reduced to a third in two months.Sales of apartments in Seoul, which failed to find new owners due to the suspension of transactions

, more than doubled from three years ago.

As the house does not go out, a "minus premium" has also been released in some parts of the metropolitan area, which is priced lower than the sale price.

While the Seoul apartment market, which led to the rise in apartment prices this year, has lost power, the rest of the region has shrunk further, causing apartment prices across the country to fall for the first time in nearly six months.

This week, apartment prices in Seoul remained at the same rate of 0.06 percent as last week, but the Seoul metropolitan area saw a decrease in gains and the provinces saw a greater decline, leaving the country negative as well.

It is the first turnaround in 23 weeks since rising in the third week of June.

[Ko Jong-wan / Korea Asset Management Director: It is difficult to raise a large amount of money due to stricter lending regulations, and as the real economy shrinks, real disposable income has decreased (the decline in housing prices)]

It is true that loan regulations are pushing down on housing prices, but it is widely expected that Seoul, which has already recovered prices, and the provinces, which have been hit again in a recession, will have different influence.

It is predicted that apartment prices in Seoul will not go down in a trend.

[Yoon Ji-hae / Senior Researcher, Real Estate R114] We believe that the deterrent effect of loan regulation will be only a short-term effect. If we look at half a year from the mid- to long-term point of view to the first and second quarters, there is a strong possibility of an upward reversal depending on the degree of consumer adaptation.]

However, it is expected that there will be a "bubble effect of transactions" mainly in high-end high-end prices and mid- to low-end prices.

I'm Kim Ki-bong of YTN.

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