House prices soar… The prospect of “run more” is also ‘best’ in 5 months

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

April’s trading sentiment index turned upward
Expectations for a rise in house prices to rise after reconstruction
National home sales prices rose by 0.06%.
Seoul Jeonse Index rose but remained flat

Click to view the original.

The national housing market has turned to an uptrend. It is the first time in five months since November of last year (119.5) that the national real estate sales sentiment has entered an upward phase.

The Korea Research Institute for Human Settlements (KRICT) announced on the 16th that the national housing purchase consumer sentiment index in April was 116.0, up 2.9 points from March, and it has turned to an upward trend. The index is classified into 9 grades in 3 phases, such as flat, downward and upward phases. If it is 115 or higher, it is considered that house prices have entered an upward phase, where house prices begin to rise. The consumer sentiment index in the Seoul housing market has already risen by 8.2 points to record 123.7, rising for the fourth month in a row. This is the index that has risen to the highest level in six months since October last year (128.7).

The metropolitan area also climbed 3.5 points to 117.0, entering an upward phase for the first time in five months. It is analyzed that this is because there is an increasing view that house prices will rise due to the new government’s housing deregulation policy, such as easing the safety diagnosis standards for reconstruction.

Non-metropolitan areas rose 2.0 points to 114.5, maintaining the same level as the previous month. South Chungcheong (114.9→121.9) switched from flat to rising, and Gwangju (120.6→123.1) and Gyeongnam (116.3→117.8) continued to rise, rising from the previous month. On the other hand, Daegu, Chungbuk, Jeju and Jeonbuk fell. The Korea Research Institute for Human Settlements said, “As the forecast that reconstruction regulations will be eased after the presidential election has become stronger, it is analyzed that the increase in price expectations around major reconstruction complexes in Seoul and the metropolitan area has affected the index.”

Read Also  3 Triangle Patterns Every Forex Trader Should Know - THAIFRX.com

In the jeonse market, the index rose, but did not enter an upward phase. The consumer sentiment index for the jeonse market in Seoul rose 5.1 points from 98.9 in March to 104.0 in April. It fell from 121.4 in September last year to 111.2 in October, turning into a steady state, and remained flat for six months in a row until last month. Gyeonggi-do declined in a row from August to December last year, but rose for four consecutive months this year to 97.8 in January, 99.1 in February, 102.5 in March, and 105.2 in April. In the metropolitan area as a whole, it rose from 101.2 to 104.7, and nationally, it rose from 101.4 to 103.5, respectively, and all remained flat.

Meanwhile, the Korea Real Estate Agency also announced the results of the nationwide housing price trend survey in April, and the nationwide housing sale price rose 0.06%, increasing the extent of the increase from the previous month (0.02%). Seoul (-0.01% → 0.04%) and the metropolitan area (-0.04% → 0.03%) showed an upward trend, and regional (0.07% → 0.09%) showed a widening range. Seoul Yongsan (0.15%), Gangnam (0.14%), and Seocho-gu (0.12%) showed remarkable increases.

Senior Correspondent Ryu Chan-hee, Sejong

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick