The difference between the price of high-priced apartments and low-priced apartments was the largest in history.

Nearby apartment complex as viewed from Lotte World Tower, Jamsil, Songpa-gu, Seoul

picture explanationNearby apartment complex as viewed from Lotte World Tower, Jamsil, Songpa-gu, Seoul

Last year, the price gap between high-priced and low-priced apartments nationwide widened the largest ever.

According to KB Kookmin Bank’s monthly housing price trend time series data on the 27th, the national apartment quintile ratio as of December last year was 8.5, the highest since December 2008 (8.1), when the related 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 21203 million won from a year ago (73,957 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 was 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 375.19 million won in December 2019 to 475,836 million won in December last year.

During the same period, the price of apartments in the fifth quintile rose by 238.5 million won a year from 1,761.

In the case of Seoul, it is believed that even low-cost apartments have increased significantly, and the ratio has decreased.

Last year, not only apartments, but also the 5th quintile multiplier including single-family, multi-family, multi-family, and alliances showed the same pattern as apartments.

Park Won-gap, a senior real estate expert at KB Kookmin Bank, said, “In the region last year, the procurement power and income gap due to abundant liquidity were reflected in metropolitan cities, and the phenomenon of local wealth formation accelerated.” “The rate of increase in the price of mid- to low-priced homes was steeper than that of high-end homes due to the influence of panic buying by young people and the government’s real estate regulation policy aimed at Gangnam.”

Expert commissioner Park said, “This year, not only in Seoul but also in the provinces, as the demand for purchases continues due to the jeonse crisis, middle and low-priced homes are attracting attention.” “There is a possibility that the polarization of housing will be mitigated by leveling this upward.”

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