Gangbuk’s ‘quick sales’ focus on purchases… Dobong and Seodaemun had the highest share in September 2030
Expanding first house LTV by up to 80%… As the DTI remains the same, the analysis of limited impact is also
The share of apartment purchases in Seoul by 2030 from households, which had been on a downward trend recently, increased again last month.
Analysts say the government’s expansion of loans to first-time home buyers (first-time home buyers) may have had some effect.
According to a survey by the Korea Real Estate Agency on the 2nd, the number of apartment purchases in Seoul in their 20s and 30s in September totaled 297, accounting for 34.7% of the total transaction volume (856).
This is an increase from the previous month (28.6%) and the highest figure in four months since May this year (37.4%).
The share of Seoul apartment purchases for 2030 households increased to 42.3% in April this year and then continued to rise and fall.
Analysts suggest the rise in the 2030 share, which had been on the wane, may have been influenced by the loosening of some financial regulations for first-time home buyers amid a severe transaction stagnation caused by rises in interest rates and falling house prices.
Since August, the government has raised the upper limit of the mortgage loan ratio (LTV) to 80% for first-time home buyers regardless of house location or house price, and increased the loan limit from 400 million won to 600 million. he won.
However, there are many observations that the impact of financial deregulation will be limited as interest rate increases have been steep recently and the total debt-to-income regulation (DSR) is being applied to even newbies. without exception.
By region, the proportion of purchases by 2030 in the ‘Nodo River’ region (Nowon, Dobong, Gangbuk-gu) has increased remarkably again.
In Nowon-gu and Dobong-gu, where apartment prices have recently fallen, the proportion of purchases by 2030 increased from 24.4% and 38.2% in August, respectively, to 46.7% and 57.7% in September.
The share of Dobong-gu purchases by 2030 last month is the highest every month since 2019, when the Korea Real Estate Agency began researching sales by age group.
A representative of a brokerage company in Chang-dong, Dobong-gu said, “With the recent sudden decrease in the number of transactions due to the disappearance of the purchase tax, there is a possibility that there will be a generation of 2030, who need to buy a house. because of marriage, etc.
In a state where absolute trading volume has fallen, even if there are only a few trades in some age groups, the proportion is increasing.
In fact, the number of apartment transactions in Dobong-gu last September totaled 26, which was the lowest every month along with January (26) this year.
Of these, 15 were bought by the 2030 generation, including 2 in their 20s and under and 13 in their 30s.
In Gangbuk-gu, the share of purchase by 2030 in September was 44.4%, the highest in a year and 11 months since October 2020 (54.1%), which is the highest since then.
In Mapo-gu, the proportion of 2030 purchases increased from 31.6% and 21.7% in July and August, respectively, to 47.6% in September.
In the Gangnam district, Songpa-gu, where transactions were made at a price of 600 million to 700 million lower than the previous high in Jamsil, etc. rose from 28.3% in July and 26.5% in August to 37.8% in September.
In contrast to Seoul, the proportion of people in their 20s and 30s in Incheon fell from 33.3% in July and 34.9% in August to 32.9% in September, and in Gyeonggi Province, it increased slightly from 31.1% in August to 32.3 % in September.
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