Looking back on the housing market this year, housing prices in the metropolitan area, including Seoul, have risen, but the provinces have weakened and polarization has been clear.
While this phenomenon is widely expected to continue next year, reporter Choi Doo-hee pointed out what variables will influence real estate housing prices next year.
[Reporter]
This year, the so-called "one smart house" preference in the housing market has led to a large polarization between high-priced and low-priced houses in Seoul, provinces, and Seoul.
In addition, the purchase sentiment has been dampened due to loan regulations and the aftermath of the impeachment.
The rising variables that will drive up house prices next year include a shortage of housing supply and a cut in interest rates, while the falling variables include the influence of loan regulations and a rise in lending rates.
House prices are expected to fluctuate next year depending on the results of the struggle for rising and falling variables.
According to research institutes' predictions, housing prices in Seoul and other metropolitan areas are widely expected to rise slightly next year and fall slightly outside the metropolitan area.
As a result, the polarization of housing prices, which swept the housing market this year, is expected to continue next year.
[Park Won-gap / KB Kookmin Bank Senior Real Estate Specialist: It seems that there will not be that many funds flowing into the real estate. Wouldn't the phenomenon of concentration in the city center or popular areas be worse than the phenomenon of warming to the outer areas?.]
Another variable is political uncertainty.
The real estate market's wait-and-see stance following the impeachment is expected to continue until early next year,
[Park Hap-soo / Adjunct Professor of Konkuk University Graduate School of Real Estate: We believe that economic participants in the market will have no choice but to take a wait-and-see attitude. As such, there is room to hold off on buying and wait-and-see, or to hold off while judging market conditions rather than actively engaging in business as a supply....]
From the point when political uncertainty is resolved, there is a possibility that buying will pick up again.
However, as it is difficult to predict the possibility of changing the policy stance depending on the Constitutional Court's decision on the impeachment trial, end users who want to buy their own homes should be wary of hasty decision-making.
I'm Choi Doohee of YTN.
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