According to the Korea Real Estate Agency (formerly the Korea Appraisal Board) on the 25th, the metropolitan area apartment sales and demand index as of the survey on the 18th of this month recorded 117.2, an increase of 1.9 points from the previous week (115.3). This is the highest figure since July 2012, when the Korea Real Estate Agency started this survey.
The trading supply and demand index is an index of demand and supply by analyzing member brokerage surveys and the number of Internet sales, and the closer it is to ‘0’, the greater the supply than demand. Conversely, the closer to ‘200’, the more demand is than supply. If the number is close to the baseline ‘100’, the proportion of supply and demand is similar.
In the metropolitan area, Gyeonggi (123.1) and Incheon (112.8) recorded the highest figures after the survey. Busan (115.1), Daejeon (116.5), Daegu (120.4), Gwangju (109.5), Ulsan (116.1), etc. Metropolitan cities and Chungnam (114.7), Chungbuk (108.6), Gyeongnam (104.6), Gyeongbuk (109.1), Jeonnam (106.5) ), Jeonbuk (101.3) and other provinces also exceeded 100. As a result of this, the nationwide trade supply and demand index was also 114.7, the highest ever.
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▲ The Korea Real Estate Agency (formerly the Korea Appraisal Board) announced that the third week of January (as of the 18th), the nationwide apartment sale price rose 0.29%, a larger increase than last week (0.25%). The photo shows an apartment complex in downtown Seoul viewed from 63 Square in Yeouido, Seoul on the morning of the 21st. yunhap news |
In Gyeonggi Province, in 2019, as the government tightened loans for high-priced apartments as a countermeasure on Dec. 16, the sales demand passed from Seoul to Gyeonggi, exceeding 100. It has been 2 years and 5 months since July 2017.
Even afterwards, the Gyeonggi Province was regulated on overheated areas through the June 17th and July 10th measures last year, but it remained above 100, and the uptrend has not broken at all from the first week of last October (107.4) to last week. Incheon also showed a similar pattern to Gyeonggi-do.
Seoul reached 109.2, the highest in five months since August 3 (111.1), just before the announcement of the August 4 supply measures last year.
A real estate official said, “As the housing price in Seoul rises sharply and the jeonse crisis is added, the demand for buying and selling apartments in Incheon and Gyeonggi, which is cheaper than Seoul, is forming a market with a dominant seller.”
As the buying trend continues, apartment prices in the metropolitan area are also rising significantly.
Last week, the real estate agency survey showed that apartment prices in the metropolitan area rose 0.31% from the previous week, recording the highest increase in 8 years and 8 months after the related statistics were prepared.