[산업경제뉴스 문성희 기자] Apartment prices in Seoul and other metropolitan areas are rising again.
Apartment prices in Seoul recorded a weekly increase of 0.11% in the third week of December, which is the level when the government’s high-intensity real estate measures were announced in July and August.
The weekly increase rate of real estate sales prices in Seoul was 0.11% in the fourth week of August. However, after the government’s housing regulation policy and the housing supply policy in August were announced in July, the increase in September and October decreased to 0.04%.
However, after the 3rd Lease Act was implemented, the jeonse price soared to the ceiling, and the jeonse price raised the trading price, and eventually returned to the level before the policy enforcement.
Based on the July 10 measures, it was found that the policy was implemented and returned to its previous level after five months.
In October, when the rise in sales prices in Seoul was quiet, in the metropolitan area in November, apartment prices in the new city and Gyeonggi-Incheon area showed high rise.
It is analyzed that as the weekly increase in jeonse prices in Seoul exceeded 0.20%, jeonse consumers who were looking for jeonse items turned to purchasing apartments in new cities such as the Gimpo Han River adjacent to Seoul and in Gyeonggi areas such as Uiwang and Seongnam.
As the trading and jeonse prices in the metropolitan area soared, the government increased the adjustment area again last week, but prices showed a higher rate of increase.
In Seoul, the rate of increase in trading prices rose from 0.06% to 0.11% in one month, and new cities also increased from 0.14% to 0.23%. The Gyeonggi-Incheon region slightly decreased the increase from 0.10%, but the increase rate rose to 0.12% again last week.
The evaluation that the government’s strong regulations are now seldom heard is centered around the metropolitan apartment market. Some point out that the more regulated, the higher the price.
Real Estate 114, which surveys apartment prices in the metropolitan area every week, said, “The rate of change in prices in Seoul and the metropolitan area has been increasing. In particular, the rise in relatively undervalued areas in northern Gyeonggi such as Paju and Goyang has been remarkable.”
“On the 18th, Paju has been additionally designated as an adjustment target area, so it is necessary to watch it. As the entire metropolitan area is tied to a regulated area, there is a concern that demand for trading will return to the middle and low-priced areas in Seoul,” he analyzed.
As all the metropolitan areas are subject to regulation, it is interpreted as meaning that consumers with nowhere to go can return to Seoul and raise apartment prices in Seoul.