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Fat increases more in 8 years
Going back to end-user buying and selling
Busan Haeundaezai 300 million per month ↑
Photo = Yonhap News
End-users, weary of the jeonse crisis, are turning to buying and selling, driving up home prices across the country. Last week, both local apartment sales and rental prices rose to record highs.
According to information on the actual transaction price from the Ministry of Land, Infrastructure and Transport on the 12th, the exclusive area of Samik Beach Town in Namcheon-dong, Suyeong-gu, Busan was sold at a recently reported price of 1.5 billion KRW. The transaction price at the end of last year (870 million won) has almost doubled. The 84th dedicated to Haeundae Xi’s second vehicle in Haeundae-gu also traded at 1.35 billion won, the highest price recently. It jumped 300 million won from a month ago.
House prices in Daegu, Daejeon and Ulsan are also on the rise. The 84㎡ dedicated to belive beomeo in Beomeo-dong, Suseong-gu, Daegu, recorded a reported 1,535 million won last month. It’s up 255 million won since July. The 84th dedicated to the second complex I-Park 1, Munsu-ro, Sinjeong-dong, Nam-gu, Ulsan, was recently sold for 1.2 billion won, 140 million won more compared to the previous price.
According to the Korea Appraisal Board, in the second week of this month (as of the 9th), local apartment prices rose 0.27% compared to the previous week. This is the highest rate of increase since the statistics were prepared in May 2012. Busan, Daegu, Daejeon, Ulsan, Gwangju and other local cities also increased significantly from 0.29% in Jeonju to 0.39%. Busan rose from 0.37% last week to 0.56%. Daegu (0.39%) Daejeon (0.37%) and Ulsan (0.35%) also rose a lot.
Ulsan · Daegu · Busan… The local price of jeonse also marches to a new record
After the enactment of the leasing law
According to the Korea Appraisal Board, the rate of change of local reserve prices in the second week of this month (as of the 9th) was 0.29% compared to the previous week, a record. Provincial metropolitan cities increased from 0.27% in Jeonju to 0.33%, and in eight provinces from 0.17% to 0.22%. Since the application of the new housing rental protection law, like the contract renewal application system, private leases have evaporated both in the provinces and in the metropolitan area.
Sejong (1.16%) was the region with the highest increase in rental prices. They were followed by Ulsan (0.56%), Busan (0.35%), Daejeon (0.34%), Daegu (0.33%) and Gwangju (0.12%).
‘Munsu-ro 2nd I-Park Complex 1’ in Sinjeong-dong, Nam-gu, Ulsan, where the reported price is recorded, is also in high gear. The 84 type exclusively exclusively for this complex was signed last month for jeonse’s highest price of 550 million won. It jumped 151 million won from the previous transaction price (399 million won). ‘Ulsan Prosperity Road Doosan We, in Yaeum-dong, Nam-gu, Ulsan, we also had a maximum jeonse of 500 million won, 80 million won more than a month ago.
A nearby W-certified official said, “Until the beginning of this year, the 84㎡ rental price was 300 million won, but now there is no sale, and even with me, it is more than 500 million won.”
In Daegu, rental prices are increasing, mainly in Suseong-gu, where demand from school districts is high. The 84㎡ letter for ‘Beomeo Central Prugio’ in Beomeo-dong, Suseong-gu, was signed last month for the highest price of 670 million won. It jumped 110 million won from the price of the previous transaction (August, 560 million won). The 84㎡ contract for ‘Beomeo SK View’ exclusively for ‘Beomeo SK View’ in the same area was also signed on the 8th of this month for a deposit of KRW 600 million, and the reported price was renewed.
The rental price of apartments nationwide rose 0.27% in the second week of this month, more than the previous week (0.23%). Seoul rose 0.14%, showing an upward trend in week 72. The rate of change in apartment prices across the country increased from 0.17% in the previous week to 0.21%. Seoul posted 0.02%, showing the same increase for the second week in a row. Areas where medium to low priced departments such as Jungnang-gu (0.04%) and Gangbuk-gu (0.04%) and Nowon-gu (0.03%) were concentrated, while Gangnam, Seocho and Songpa-gu consolidated (0.00% ).
Reporter Eunji Shim [email protected]
