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Was the ‘soul’ (gathering the soul to raise money) was also exhausted?
According to the “Results of the September Consumer Trends Survey” released by the Bank of Korea on the 25th, this month’s CSI (Consumer Sentiment Index) house price forecast fell 8 points from the previous month, registering 117.
◇ Increased housing sentiment
The CSI home price forecast skyrocketed from 96 in April and May to 112 in June and 125 in July and August, hitting an all-time high of 128 (September 2018) and then turned into four months.
CSI is an indexed statistic that surveys consumer perceptions and perspectives on the economic situation. House Price Forecast CSI asks whether house prices will rise or fall in the next year compared to now, and the answer is indexed.
Hwang Hee-jin, head of the BOK’s statistics research team, explained, “In July and August, many housing-related measures were introduced, such as the government’s supply expansion plan, and the slowdown in the rise in prices. Selling prices had an effect, “he said. “The prognosis fell evenly across all age groups.” .
However, even if the uptrend has subsided, the absolute level of the figure itself is 117, which is well beyond 100, which is the up and down divergence, which means that many people still believe that prices of the house will rise. It is still higher than the average CSI of the house price forecast (109) since the 2008 statistics were compiled.
◇ Overall consumer sentiment is also ‘fluttering’ due to crown reproliferation
The general index of consumer sentiment, which combined current living conditions and prospects, household income and future economic prospects, and future inflation conditions, including house prices, also recorded 79.4, a decrease of 8.8 points compared to the previous month. The aftermath of the reproliferation of the crown, which began in mid-August, is clearly reflected.
The consumer sentiment index, which fell to 70.8 points in April when the crown was severe, rose for four consecutive months in May (77.6 points), June (81.8 points), July (84.2 points) and August (88.2 points). . Consumer confidence is likely to hit 96.9 points in February, the level just before the coronavirus, but it sank on the road.
The survey was conducted in 2,500 households in cities across the country from 10 to 17 this month, covering stages 2.5 and 2 away.
