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Photo = Yonhap News
The sale price of apartments in Seoul increased even more after 11 weeks. As end-users who couldn’t find a jeonse started buying mid- to low-priced apartments, home prices in the country fluctuate.
The Korea Appraisal Board announced on the 5th that the rate of change in the weekly sale price of apartments in Seoul in the first week of this month (based on the 2nd) registered 0.02% compared to the week previous. The rise (0.01%), which was the same for 10 consecutive weeks due to the decrease in trading volume and the mixed trend, has increased.
In Seoul, Jungnang-gu (0.08%), Gangbuk-gu (0.03%) and Nowon-gu (0.03%), where mid- and low-price complexes of 900 million won or less were concentrated, they were strong. The 84㎡ area of Yongma Geumho Town, Myeonmok-dong, Jungnang-gu, entered 600 million won in July and recently sold at a reported price of 669 million won. The 84th dedicated to Junggye Jugong Complex 4 in Junggye-dong, Nowon-gu, also changed hands at a reported price of 860 million won last month. Gangnam regions such as Gangnam-gu (-0.01%), Seocho-gu (0%) and Songpa-gu (0.01%) were unchanged.
The increase at the national level also expanded from 0.13% to 0.17%. The increase in the metropolitan area went from 0.11% to 0.15% and the local area from 0.15% to 0.19%.
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It is diagnosed that it was an unprecedented jeonse crisis that stimulated the apartment sales market, which had been stagnant due to high intensity real estate regulations and the new coronavirus infection (Corona 19). This is the aftermath of the evaporation of authorized sales due to the application of the new Housing Lease Protection Law on July 31. It is an analysis that those who could not get a letter are going to buy mid to low priced apartments on the outskirts of Seoul and the metropolitan area.
According to the Korea Appraisal Board on the 5th, the sale price of apartments across the country in the first week of this month increased 0.17% from the previous week. The increase of 0.04 percentage points increased compared to the previous week (0.13%). This rate of increase is the highest in 4 months after the fourth week (0.22%) of June, just after the announcement of the latest ‘6/17 countermeasures’.
Homeless consumers, who had suffered a long-term jeonse crisis, switched to buying mid- to low-priced apartments, raising their home prices. Gimpo (1.94%) in Gyeonggi, which rose the most in the country, is representative. There are a number of shopping, mainly in the Pungmu Station area with convenient transportation and low-cost complexes in the Han River New Cities like Masan, Gurae and Unyang-dong.
The 84th for ‘Gimpo Pungmu Central Prugio’ in Pungmu-dong, Gimpo was traded at a price of 755 million won last month. Two months ago, the actual transaction increased by 115 million won from 630 million won. The 84th dedicated to ‘Pungmuzai’ in the same area also recently renewed the reported price (480 million won). Currently, the price ranges from 510 million to 550 million won.
Gyeonggi Paju (0.37%), Goyang Deokyang-gu (0.37%), Yongin Giheung-gu (0.28%) and Namyangju (0.26%) also saw an increase in the mid-to-low range complex. . The 59th dedicated to ‘Woonjeong New City Lotte Castle Park Town 2nd’ in Yadang-dong, Paju traded for 455 million won last month, beating the previously reported price (449 million won / August). In the provinces, Busan increased from 0.30% to 0.37% and Daejeon increased from 0.24% to 0.41%. Daegu also has a strong increase from 0.26% to 0.30%.
The increase in the total set value also increased. The rental price of apartments nationwide rose 0.23%, an increase of 0.01% points compared to the previous week (0.22%). Seoul (0.10% → 0.12%) and localities (0.21% → 0.23%) also expanded. The metropolitan area was 0.23%, the same as Jeonju.
Seoul has been on the rise for 71 consecutive weeks. The 4 districts of Gangnam, including Songpa (0.21%), Seocho (0.20%), Gangnam (0.19%) and Gangdong-gu (0.18%), showed a high rate of increase. Mapo (0.15%), Yongsan (0.12%) and Seongdong-gu (0.07%) also rose a lot.
Reporter Eunji Shim [email protected]
