1. Rate of land price change
The Ministry of Land, Infrastructure and Transport (Minister Hee-ryong Won Won) and the Korea Real Estate Agency (President Tae-rak Son) reported that the national land price rose by 0.78% in the third quarter of ’22, 0.20% in the second quarter of ‘ 22 (0.98%), and the third quarter of ’21 (1.07%) He said it had decreased by 0.29% compared to the previous year.
The rate of change in the price of land in September this year was 0.20%, and the increase was 0.08% lower than the previous month (0.28%) and 0.16% lower than the same period last year (0.36%).
(per region, %) The rate of change in the price of land in the third quarter of ’22 decreased slightly compared to the second quarter of ’22 in the metropolitan area (1.10% → 0.89%) and rural areas (0.78% → 0.60%).
(City/province) Sejong (1.23% → 0.94%), Seoul (1.20% → 0.93%), and Gyeonggi (1.03% → 0.87%) showed higher levels than the national average (0.78%).
(Si / Gun / Gu) Seongdong in Seoul 1.37%, Yongsan in Seoul 1.21%, Hanam in Gyeonggi 1.19%, Gunwi in Gyeongbuk 1.12%, and Jongno-gu in Seoul 1.08% higher than the national average.
(By area of use), commercial 0.93%, industry 0.81%, and planning management 0.77%.
(By use situation), land (0.95% for commercial use) and 0.83% for all factories and factories were found.
2. Volume of Land Transactions
In the third quarter of ’22, the total volume of land transactions (including land attached to buildings) was approximately 48 million lots (383.1㎢), a decrease of 26.4% compared to the second quarter of ’22 (△ 172,000 lots) , and a 39.0% Decrease compared to the third quarter of ’21 (Δ30.7 million lots).
The net volume of land transactions excluding buildings attached to buildings was approximately 213,000 lots (356.8㎢), a decrease of 21.3% compared to the second quarter of ’22 (△58 thousand lots) and 21.9% lower than the 3rd quarter of ’21 (△6.0 million lots). .
(by region, %) Compared with the second quarter of 22, total land transactions in all 17 cities and provinces decreased, including Incheon △40.6%, Gwangju △37.1%, and Sejong △35.2% .
Pure land transaction volume decreased in 16 cities and provinces, including Daegu △33.3%, Jeju △26.6%, and Chungnam △25.1%, excluding Sejong 7.3%.
(By field of use) Non-specific use △45.9%, industry △29.9%, etc.
(By category) Factory land △36.8%, large △28.4%, answer △27.2%, etc.
(By construction use) Residential △33.2%, commercial business △30.6%, and industrial use 25.9%.
The Ministry of Land, Infrastructure and Transport announced that it intends to closely monitor changes in land prices and the volume of future land transactions and actively respond to abnormalities.
☞ Detailed data on the rate of change of land prices and the number of land transactions can be found in ‘Land Transport Statistics Nuri’ (stat.molit.go.kr) or ‘R-ONE Real Estate Statistical Information System’ (www.reb. or.kr /r-un, real estate) Information app).
