National apartment house price polarization’extreme’… 5th percentile multiplier at the end of last year,’the largest gap ever’

[오늘경제 = 이재훈 기자]

As the polarization of apartment house prices across the country intensified, it was the largest ever at the end of last year.

According to the KB Kookmin Bank monthly housing price trend time series data on the 27th, the national apartment quintile ratio as of December last year was 8.5. This was 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 quartile) by the average price of the bottom 20% (1 quintile) by dividing houses into 5th place in order of price. It represents the price gap between high-priced housing and low-priced housing, and 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 ratio increased from 6.8 in December 2019 to 8.5 in December last year, 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.

However, Seoul is the only region whose quintile ratio in December last year (4.2) was lower than in December 2019 (4.8). Housing polarization has intensified across all regions except Seoul.

In Seoul, the price of apartments in the first quintile jumped from KRW 37.1 million in December 2019 to KRW 478.36 million in December of 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. In the case of Seoul, it is believed that even low-cost apartments have increased significantly, and the ratio has decreased.

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.

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