There are signs that the rise in apartment prices in Seoul has declined and has entered a stable trend.
According to the actual real estate transaction information of the Ministry of Land, Infrastructure and Transport, the number of apartment transactions in Seoul that decreased in price compared to the previous transaction increased after the 2nd and 4th supply measures.
The number of transactions whose price declined from the previous transaction was only 18.0% in January (493 out of 2,441 total).
However, it increased to 24.9% (415 out of 1,669 cases) in February, and gradually increased to 38.8% (109 out of 281 cases) in March (1-17 days).
Daechi-dong Eunma Apt. fell more than 100 million won
Complexes with lower prices are being identified throughout Seoul, including the Gangnam area.
In the case of 84㎡ of exclusive area for Eunma Apartment in Daechi-dong, Gangnam-gu, which is one of the representative complexes for reconstruction, the most recent contract was written for 2.23 billion won (6th floor) on the 2nd of this month, compared to the 24th of the previous month, 2.45 billion won (6th floor). It was traded at a lower price of 30 million won.
The 89.1㎡ dedicated to Cheongdam Jai in Cheongdam-dong, Gangnam-gu, is also sold at 3.15 billion won (32th floor) on the 6th of this month, down 10% (350 million won) compared to 3.5 billion won (11th floor) on the 3rd of last month.
In the case of 158.2㎡ of Seocho 5th e-pyeonhansesang, Seocho-dong, Seocho-gu, it was sold for 1.83 billion won (7th floor) on the 3rd of this month, and the transaction was made at 170 million won lower than 2 billion won (2nd floor) on January 20, just before.
An official representative of Apgujeong-dong said, “In the Gangnam area, the price of the house jumped in anticipation that the reconstruction would speed up, but now the perception that it has risen is spreading. It is not in a state of being,” he said.
Buying sentiment is dampening as expectations for supply expansion following the 2·4 housing supply plan, rising interest rates for mortgage loans, and tax burdens arising from the increase in publicly announced prices are becoming visible.
Every day report is marching, Ma, Yong, and Seongdo are slowing down
In the outskirts of the Gangnam area, such as’Mayongseong’ (Mapo, Yongsan, Seongdong-gu), where there are many high-priced apartments, and’Nodogang’ (Nowon, Dobong, Gangbuk-gu), and’Geumcheon, Gwanak, Guro-gu,’ It’s easy to find deals that have lowered prices.
Yongsan KCC Welts Tower 84.0㎡, in Munbae-dong, Yongsan-gu, was sold for 1.06 billion won (14th floor) on the 8th of this month, and the price fell by 165 million won from the end of last year (1.225 billion won) when the price rose in full swing.
Haengdangjin Town 114.6㎡ in Haengdang-dong, Seongdong-gu, was sold for 1.43 billion won (13th floor) on the 2nd of this month, and 40 million won lower than 1.47 billion won (9th floor) on the 21st of last month.
In the case of 45.9㎡ of 45.9㎡ in Sanggye-dong Sanggye-dong, Nowon-gu, on the 12th of this month, a contract was written for 550 million won (12th floor), down 70 million won from the previous transaction, 620 million won (13th floor).
SK-Buk Hansan City 84.8m2 in Mia-dong, Gangbuk-gu, fell from 764 million won (17th floor) on the 15th of last month to 730 million won (14th floor) on the 6th of this month. After the transaction was reported at 2 million won (17th floor), the sale was made at 740 million won (20th floor) on the 2nd of this month, which is more than a month.
A certified representative of Guro-gu said, “This is relatively cheap in Seoul, so transactions were made one after another at the declared price until last month, but after the announcement of the 2 and 4 measures and the announcement of the new city, the supply increased and the house price would not increase further, so he hesitated to buy it. It has an atmosphere. There are fewer inquiries.”
Seoul apartment prices slowed for 6 consecutive weeks
According to the Korea Real Estate Agency survey, apartment prices in Seoul rose 0.10% in the first week of February, just before the announcement of the 2 and 4 measures, recording the highest increase this year for 6 consecutive weeks (0.09%→0.08%→0.08%→0.07%→0.07%→0.06). %) The rise has slowed.
The sentiment of buying apartments in Seoul, which has only soared so far, is also calming this month.
KB Real Estate’s Buying Advantage Index fell below 100 for the first time this year to 96.2 per week this month, followed by 90.3 for 2 weeks and 82.4 for 3 weeks, falling below 100 for 3 consecutive weeks. If the index exceeds 100, it means that there are many buyers, but because it is less than 100, the opposite is true.
In this atmosphere, sales are gradually accumulating in the trading market, which is interpreted as a sign that the market that had been selling superiority is gradually changing to a buying advantage.
According to real estate big data company Asil (Apartment Real Estate Transaction Price), apartment sales in Seoul amounted to 46,000,219, up 14.3% from a month ago (February 21).
Dobong-gu (24.4%) had the highest sales growth rate, followed by Dongdaemun-gu (22.7%), Nowon-gu (22.1%), Seodaemun-gu (21.8%), Eunpyeong-gu (19.4%), and Gwanak-gu (18.3%).
An official at the Real Estate Agency analyzed that “the government’s successive supply measures are raising expectations for supply expansion, stabilizing the buying sentiment and turning the house price into a stable trend.”
Experts say that it is unreasonable to say that apartment prices in Seoul have entered a full-fledged decline. I predicted that it would be.
KB Kookmin Bank’s senior real estate expert expert Park Won-gap said, “Recently, the US government bond rate has rebounded and domestic banks are also paying attention to the atmosphere of raising the mortgage interest rate.” It can be a burden and affect the entire real estate market.”