A view of the apartments around Gangnam from Maebongsan Mountain in Seoul. yunhap news
It was found that the price gap between high-priced and low-priced apartments nationwide widened the largest ever last year.
According to the monthly housing price trend time series data of KB Kookmin Bank Real Estate Liveon on the 27th, the national apartment quintile ratio as of December last year was 8.5, the highest since December 2008 (8.1), when the relevant statistical survey began.
The quintile multiplier is the value obtained by dividing the average price of the top 20% (5th quintile) by the average price of the bottom 20% (1 quintile) by dividing the house into 5 equal parts in order of price. It represents the price gap between high-priced housing and low-cost housing, which means that the higher the multiplier, the greater the price difference.
In December of last year, the average price of apartments in the first quintile nationwide was 119.2 million won, an increase of 3.75 million won compared to December last year (18.35 million won). On the other hand, the average price of apartments in the fifth quintile was 951.6 million won, an increase of 215 million won from a year ago (7,3957 million won).
The national apartment quintile multiplier increased from 6.8 in December 2019 to 8.5 in December 2020, recording the largest annual fluctuation.
As of December last year, the number of quintiles by region was highest in Daejeon (5.7), Ulsan (5.4), Gwangju and Busan (5.3), Gyeonggi (4.8), Daegu (4.6), Seoul (4.2), and Incheon (3.9). .
By region, the metropolitan area (6.6), other regions (5.6), and the five metropolitan cities (5.2) in order.
In particular, in Gyeonggi, Incheon, Busan, Daegu, Gwangju, Daejeon, and Ulsan last year, the quintile ratio of apartment prices was the highest since the survey began in 2013.
In the case of Seoul, last December’s quintile ratio (4.2) was the only area that was lowered from December 2019 (4.8). This means that the polarization of housing has intensified in all areas other than Seoul.
In Seoul, the price of apartments in the first quintile jumped from 370.19 million won in December 2019 to 478.36 million won in December last year. During the same period, the price of apartments in the fifth quintile rose from 1,761.58 million won to 20.13 million won. It is believed that even for low-cost apartments, the magnification has decreased as prices have risen significantly.
Meanwhile, not only last year’s apartments, but also the 5th quintile multiplier including single-family, multi-family, multi-family, and alliances showed the same pattern as apartments.
Reporter Lee Ji-young [email protected]