[ad_1]
Last month, the volume of transactions decreased by more than 66% in one month.
“Seoul is a complete buyer’s market”
The real estate economy shrank in the wake of government real estate regulations and the aftermath of Corona 19, ending a third of apartment deals in Seoul last month. Seoul Gangnam apartment complex. / Yonhap News
Kim Mo (35, female), who lives in an apartment in Geumho-dong, Seongdong-gu, Seoul, is about to give birth at the end of the year. Since my parents are fat, I took out a house for the amount of time to go to Jamsil, where my family is, but it is good news. In February, the house was sold for 850 million won, which is cheaper than the market price. No one came to see the house, and in the past month, the sale price has dropped from KRW 100 million to KRW 750 million, but there were no inquiries. “Even if we keep dropping the price, nobody wants to buy a home,” said Kim. “I am concerned that the house will not sell until the second half.”
Recently, with falling house prices in Seoul, even the apartment transaction froze, and the cases where the house he lived as Kim did not sell are moving forward. With the new coronavirus infection (Corona19), the volume of transactions has accelerated further. Last month, the number of apartment offerings in Seoul fell by a third, and the number of occupants in Gyeonggi-do also dropped significantly.
◆ “Items for sale are not for sale”
According to the Seoul Real Estate Information Plaza on Day 3, the number of apartment transactions in Seoul decreased from 4,393 in March to 1,459 in April to 66.7%. Compared to the same period last year (3,040 cases), it also fell 52.0%.
According to the real estate industry, the purchase price has disappeared on the Seoul property market in the past two to three months, making the sudden sale difficult to digest. In the spring, Isa-cheol’s peak season, but front-line brokers say they often can’t sign a contract because they can’t get rid of their existing home.
“The sales transaction has been almost everything ‘since it entered March in March,” said Songpa-gu D’s authorized representative. “The news of the recent drop in the Jamsil area has been frequently asked to move out of Gangnam to Parkrio or the recent small and medium houses. In the end, there are many cases where they cannot enter. ”
A K-Pan official in Banpo-dong also said: “Recently, the sale price of 84 million below KRW 2.3 million for the Raemian New Banpo Palace is a sudden sale when the owner cannot move into the house, even if the other owner hires a different house, Anna has a lot of questions, “he said.
In Sangdo-dong, Dongjak-gu, the actual 84㎡ floor for Sangdo Hillstate’s exclusive use has been reduced by more than 100 million won to 1.1 billion won, but is not negotiated. W Sangdo-dong’s authorized representative said, “This complex has many small and medium areas for sale, but there are few sales transactions since the beginning of this year.” Recently, homeowners trying to move to another area because of their children’s schools were unable to sell their houses. There are also cases that have not been able to help. ”
◆ Sales continue to decline
After the general election, the cooling of the property market was spreading across Seoul, and information was released to the Jamsil, Seoul, real estate agency to inform them of the sudden and sudden sale. / Hankyung DB
Amid a drought, the sale price of apartments in Seoul is also falling. According to the Korean Evaluation Board, the sale price of apartments in Seoul fell 0.07% last week and fell for the fifth consecutive week. The distinction is as follows: Gangnam-gu (–0.29), Seocho-gu (-0.27), Songpa-gu (-0.17%), Mapo-gu (-0.06%), Yangcheon-gu (-0.06%), and Yongsan -gu (–0.05%). Don’t choose
Gyeonggi is also shrinking. According to the Korea Housing Industry Research Institute, Seoul’s HOSI forecast last month was 76.4, and it dropped to 70 in 12 months. HOSI is an index that comprehensively assesses the conditions for moving into apartment complexes that are ahead or are moving from the providers perspective. If 100 is more than the standard value, it means that the conditions for moving are good, and if it is less than that, it is not good.
As the delay to move increased, the number decreased, but most of the reasons for not moving was the ‘late sale of existing homes’ (38.0%). The survey was followed by “no guaranteed tenants” (31.0%) and “no guaranteed loans” (16.9%).
Experts say “investment demand and real demand are shrinking.” This is because the sense of economic crisis has increased due to the spread of Corona 19. The fact that the ruling party’s victory in the April 15 elections is expected to significantly increase taxes and tighten regulations further contributes to the contraction in the purchase of taxes.
A representative from a brokerage agency in Daechi-dong said: “There is no one who wants to buy a house in the midst of the economic downturn, even investigating the source of the funds.” Worried
A real estate industry official also said: “Buyers are now overwhelming and expect to return to the ‘buyer superiority’ market.” .
By Ahn Hye-won, reporter for Hankyung.com [email protected]
