After the 2030 increase in purchases, apartment prices in Seoul… “Everything was right”

How much has apartment prices increased since July of last year, when the number of apartment purchases by 2030 households in Seoul was the highest ever?

According to KB Kookmin Bank monthly time series statistics on the 7th, the average selling price of apartments in Seoul rose from 959.93 million won in July of last year to 1.09.993 million won in last month, rising by 149.6 million won (15.7%) in eight months.

According to the statistics of real estate 114, another private market research firm, the average sale price per household in Seoul during this period rose 9.4% from 1,09.09 million won to 1,188853 million won.

Statistics from the Korea Real Estate Agency, which is a government-approved market price survey agency, showed that the average sale price of apartments in Seoul rose 2.9% from 881.38 million won to 9711 million won over the same period, showing a lower rate of increase than that of private market price survey companies.

Last July was the time when the number of apartment purchases in Seoul under 30s was the most since the statistics of monthly apartment sales by age group began to be collected from January 2019.

The number of purchases of Seoul apartments in their 30s and under increased for three consecutive months, reaching a record high of 1,183 in April, 1,391 in May, 4,13 in June, and 5,907 in July.

As the prices of apartments in Seoul soared to the sky, anxiety spread among the younger that it would be difficult to prepare my own home unless it is now, and’Panic Buying’ (panic buying) to buy apartments through’Young Cull’ (grabbing the soul). This was castrated.

As a result of the government’s successive measures to regulate real estate, the number of apartment purchases under 30s decreased from August, but the proportion of apartment purchases in Seoul, which accounts for all age groups under 30s, rose to the 40% range (40.4%) for the first time in August.

The proportion of apartment purchases in Seoul under 30s remained at around 40% until recently, except in November last year (39.3%).

At the time, Minister of Land, Infrastructure and Transport Kim Hyun-mi, who attended the National Assembly at the end of August last year, said that he felt sad that young people under their 30s were receiving sales such as multi-homed people from the strengthening of the real estate tax system.

However, even after the surge in the purchase of apartments in Seoul by young people that shook the real estate market, apartment prices in Seoul have not stopped rising.

The 18th floor of the DMC Raemian e Pyeonhansesang exclusive area 84.92m2, Bukgajwa-dong, Seodaemun-gu, Seoul, rose from 1.19 billion won on July 29 last year to 1.35 billion won on the 20th of last month, raising the actual transaction price by 160 million won (13.4%).

The first floor of 59.91㎡ exclusively for Kumho Hyundai, Eungbong-dong, Seongdong-gu, Seoul, jumped 150 million won (21.4%) from 700 million won on July 4 last year to 850 million won on March 6 this year.

A representative of a real estate agency in Wolgye-dong, Nowon-gu, said, “There were a lot of people in their 20s and 30s who bought an apartment in July last year.” I am relieved that it was right,” he said.

Jomo, 33, who bought an apartment in Shinwol-dong, Yangcheon-gu, Seoul in May of last year, said, “I received an apartment of 18 pyeong, up to the maximum loan of 300 million won, and bought it for 470 million won.” The contract was signed for 625 million won in January, and it has increased 150 million won in eight months.”

Mr. Cho added, “I am exhaling a sigh of relief that buying an apartment at the time was the best option.”

[연합뉴스]

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