◀ anchor ▶
Last month, 80 percent of apartment sales nationwide were down from their highs, it was found.
In Seoul, more than half of the trades fell from the highs, and the trading volume also plummeted to one-seventh in a year.
It is analyzed that the real estate market is rapidly freezing as interest rates rise and loans become more difficult.
Correspondent Ko Eun-sang reported.
◀ Report ▶
Last month, there were 22,700 apartment transactions nationwide.
Of these, 80% traded below their highs.
In Gyeonggi-do, 72% and Seoul, 54%, were down.
The share of down trading in Seoul rose for three consecutive months last year to 35.1% in September, 40.4% in October, 45.9% in November and 54.3% in December.
[권대중/명지대 부동산학과 교수]
“Small and low-priced apartments are on the decline due to loan restrictions and interest rate hikes, while high-priced apartments are still showing strength. Therefore, the price polarization between high-priced apartments and low-mid-priced apartments seems to be getting worse.”
Trading volume has also decreased significantly.
The number of apartment transactions in Seoul was 7,500 in December 2020, a year ago, but barely surpassed 1,000 last month, down to one-seventh.
It was the lowest since November 2008, right after the international financial crisis.
Items are also accumulating.
After the Bank of Korea raised the base interest rate by 0.25%p in August of last year, the number of listings has steadily increased, and 46,000 items have been accumulated.
There are a lot of houses for sale, but few people want to buy them.
[손은경/KB경영연구소 선임연구위원]
“In the case of last year, housing prices rose so much, the burden of price burden and loan regulation, etc., is quite high, so I don’t think the upside is going to be that big.”
It is difficult to conclude that the decline in house prices has solidified, as some of the quick sale items that are still cheaper than the high are still being traded.
However, as the base interest rate continues to rise and loan regulations are tightening, there is little to see a factor in the rise in house prices.
This is Go Eun-sang from MBC News.
Video editing: Jo Min-woo
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