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The polarization in apartment prices is accelerating… This month’s high-low price gap is also the largest (total)

More expensive apartments...  Intensifying polarization of housing purchase burden (CG)

picture explanationMore expensive apartments… Intensifying polarization of housing purchase burden (CG)

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In the new year, it was found that polarization in both the apartment sales and jeonse markets across the country has deepened at an all-time high.

According to KB Kookmin Bank’s monthly housing market trend time series statistics on the 24th, the ratio of apartment quintiles nationwide this month was 9.8 for sale and 7.7 for jeonse.

This is the highest number ever since the monthly survey began in December 2008.

The quintile multiplier is the value obtained by dividing the average price of the top 20% (quintile) by the average price of the bottom 20% (1st quartile) by dividing the houses into 5 categories in order of price. It shows the price gap between high-priced and low-priced houses, and the higher the magnification, the more severe the polarization.

Nationwide, the sale price of an apartment in the top 20% of prices is 9.8 times higher than that of an apartment in the bottom 20%, and the Jeonse price is 7.7 times higher.

[그래픽]  What is the difference between high and low price apartments?

picture explanation[그래픽] What is the difference between high and low price apartments?

polarization

picture explanationpolarization

The average price of apartments in the bottom 20% of the country this month was 124.07 million won, down 840,000 won from the previous month, but the average price of apartments in the top 20% rose 23.57 million won to 1,213.32 million won, exceeding 1.2 billion won for the first time. did.

During the same period, the price of the apartment in the bottom 20% of the country was 88.08 million won, down 40,000 won from last month, but the apartment in the top 20% rose 13.64 million won to 67709 million won.

Recently, as the perception that house prices are peaking has spread, the increase in both sales prices and jeonse prices has slowed down or there are many places where prices have declined by region.

By region, in the case of sales, it was found that the quintile multiplier in all regions this month increased compared to the previous month.

In particular, the five major metropolitan cities (Daejeon, Daegu, Busan, Ulsan, Gwangju) and other provinces recorded 5.7 (5.71 to the second decimal place) and 6.9 quintile ratios, respectively, recording the highest monthly monthly records since the survey began. .

It is interpreted that residential polarization is accelerating in rural areas as well.

In the metropolitan area, where the ratio of apartment prices in the quintile range from January last year to May this year was 6.0 or higher, but fell to the 5.0 range from June last year, this month’s figure was 5.8, showing an upward trend for the past three months.

Expensive apartment - Intensifying price difference between low-end apartments (PG)

picture explanationExpensive apartment – Intensifying price difference between low-end apartments (PG)

In the case of Jeonse, the quintile ratio in Seoul (4.0), Incheon (4.1), five major cities (4.9), and other regions (6.4) broke the record high (based on comparison to the second decimal place).

Park Won-gap, senior real estate expert at KB Kookmin Bank, said, “The polarization of the asset market is expected to intensify this year due to loan regulations and reduced credit due to interest rate hikes. “The damage to the housing we live in is bound to be even greater,” he said.

Meanwhile, the average apartment sale price per 3.3 square meters in Seoul was 51.1 million won this month, exceeding the 50 million won mark for the first time.

Also, the average price of a large (over 135 m²) apartment in Gyeonggi-do this month (1,06.44 billion won) exceeded 1 billion won, and the average selling price (210 million won) of a villa (cooperative/multi-family) exceeded 200 million won, respectively.

The average sale price (95.24 million won) of a medium-sized (85m2 to 102m2) apartment in Sejong City exceeded 900 million won.

The monthly rent index for apartments in Seoul recorded 109.9, a new high since December 2015, when related statistics began to be compiled.

Incheon (110.6) and Gyeonggi (109.5) also broke the highest monthly rent index during the same period, while the metropolitan area (109.7) index also set a new record high. The KB apartment monthly rent index is calculated by examining the monthly rent trend for medium-sized apartments with an exclusive area of ​​95.86㎡ or less.

It is interpreted as the result of increased monthly rental demand and transactions, and supply shortage as the increase in the Jeonse price, the tightening of the Jeonse loan regulations, and the transfer of the tax burden to the multi-homeowners due to the increase in the ownership tax burden are compounded.

Information on monthly rent posted in front of a real estate agency in Seoul

picture explanationInformation on monthly rent posted in front of a real estate agency in Seoul

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