Seoul house purchase burden index is the highest in 12 years… The quantity index is the lowest ever

On the other hand, the housing purchase quantity index (K-HOI), which is the ratio of the number of suitable homes for middle-income households, fell sharply.

At the end of last year, the Seoul housing purchase volume index reached 6.2, the lowest level since 2012, when related statistics began to be prepared.

The housing purchase quantity index is based on the net assets and income of a middle-income household and calculates the percentage of housing that can be bought among apartments in the area when a loan is received.

In the case of Seoul, this means that only 6.2% of the total apartments in Seoul can be bought by middle-income households even with loans.

Last year, the national home purchase volume index was 56.9, down 8.7 points from the previous year.

The rise in the housing purchase burden index and the decline in the housing purchase quantity index, centered on Seoul, are interpreted as a result of a sharp rise in housing prices, strengthened loan regulations, and contracted supply.

“The median apartment price in Seoul exceeded 900 million won, and the median price of apartments in Seoul and the metropolitan area from 2015 to 2020 continues to rise.” “The price gap with the metropolitan area is widening,” he analyzed.

The government promised to expand the supply of large-scale housing through the 2·4 supply plan in response to the surge in real estate prices, but there are also concerns that the housing supply schedule could be disrupted due to suspicion of land speculation by employees of the Korea Land and Housing Corporation (LH).