The rise in jeonse prices is expected to continue this year as well, with large volume declines in Incheon, Daegu, and Busan.
They found that the number of apartments in Seoul this year has fallen to a third of last year’s level. It is predicted that the increase in jeonse prices due to a reduction in the number of tenants will continue this year.
According to Real Estate R114 on the 3rd, the number of apartments due to be moved into nationwide this year is 331,729, down around 9% from last year (365,953). In particular, Seoul had the largest decline in occupancy among cities and provinces nationwide, with a drop of more than 21,000 units from 32,879 to 11,107 last year. △ Incheon 17,551 households (44,567 → 27,016 households) △ Daegu 11,327 households (34,784 → 23,457 households) △ Busan 10,625 households (25,285 → 27,016 households) △ Daegu 11,327 households (34,784 → 23,457 households) 57 homes) △ Busan 10,625 homes (25,285 → 14,660 homes) significant reduction in occ. Real Estate R114 said, “In Seoul and Busan, most of the occupancy volume is through redevelopment and reconstruction,” and “Given the occupancy number allocated to union members, it is expected that the actual volume released will be the rental market is smaller. ”
Areas with an increase in occupancy include 8,842 units in Gyeongbuk → 23,841 units, 3,423 units in Daejeon → 11,048 units, and 15,714 in Gyeongnam → 22,007 units.
A real estate officer from R114 said, “More than 50,000 unsold houses have accumulated in local areas (at the end of October), and the number of unsold houses is expected to increase gradually after completion, leading to continued decline in demand. .”
English Reporter Lee iamsam@donga.com
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