As the prices of low-cost apartments in Seoul are rising rapidly, it turned out that it was overwhelming even if the common people, tired of the jeonse crisis, tried to build a small house outside.
Even after the implementation of the new lease law, the rate of increase in the price of low-priced apartments in Seoul was nearly twice that of high-priced apartments, and it was found that prices have risen significantly in the outskirts of Nowon, Dobong, and Gangbuk-gu.
The prices of expensive apartments in major areas of Gyeonggi Province, where commuting to Seoul is possible, are also rising rapidly.
According to the monthly housing price trend statistics of KB Kookmin Bank, the average apartment price in the first quintile (bottom 20%) in Seoul last month was 455.38 million won, exceeding 450 million won for the first time since the survey.
The average apartment price in the first quintile is 7.9% higher than three months before the new lease law went into effect (423.1 million won).
During the same period, the average apartment price in the 5th quintile (top 20%) increased by 4.0% in three months from 1.84 billion KRW to 1.92 billion KRW.
While high-end apartments rose by 4.0%, low-end apartments rose by 7.9%, about twice as fast.
Due to this effect, the quintile ratio of apartment prices in Seoul last month was 4.2, the lowest level since May 2017 (4.2).
The quintile multiplier is the value obtained by dividing the average of the top 20% of apartment prices (the quintile) by the average of the lower 20% (the first quartile), and the higher the multiplier, the greater the price gap.
In general, a lower quintile multiplier can be interpreted as an alleviation of residential polarization, but the recent decrease in the quintile is difficult to see positively, as the price of low-priced apartments has increased sharply, narrowing the difference between high prices and prices.
Since the enactment of the new lease law at the end of July, the shortage of jeonse and a surge in jeonse prices have continued, and the price of small apartments in the suburbs of Seoul, which can replace the demand for jeonse, has also greatly jumped.
Last month, the average sale price of apartments in Seoul per square meter was 11.82 million won, an increase of 6.6% (73 million won) in three months.
In terms of distinction, Dobong-gu (11.0%), where apartment prices rose the most during three months, nearly twice the average.
Nowon-gu (10.3%) rose more than 10%, Gangbuk-gu (9.6%) and Jungnang-gu (9.4%) rose more than 9%, and Seongbuk-gu (8.2%), Eunpyeong-gu (8.6%), and Guro-gu (8.1%) also rose more than 8%. As a result, apartment prices increased significantly compared to other districts.
In these areas, the amount required to buy a small-sized 59㎡ apartment was the lowest in Jungnang-gu at 43.97 million won, followed by 434.5 million won in Dobong-gu, 455418 million won in Gangbuk-gu, and 400 million won in Eunpyeong-gu. The order was 6276 million won.
Guro-gu (5472 million won), Nowon-gu (5863 million won), and Seongbuk-gu (554.2 million won) had to have between 500 million and 550 million won.
Considering that the average rental price for the third quintile of apartments in Seoul three months ago was 43,841 million, it would be overwhelming even if the family who lived in the third quintile of apartments in the third quartile tried to buy an apartment in the fifth quintile to prepare a house.
The pace of rising prices for low-cost apartments has been noticeable over the past year.
Last month, the average apartment price in the first quintile in Seoul rose 32.1% (11.98 million won) compared to two years ago (345.4 million won), and compared to a year ago (35926 million won). It increased by 27.0% (97.12 million won).
The increase (27.0%) in the last year is 5.3 times the increase (5.1%) in the previous year.
The price of apartments in the first quintile remained in the box range of 200 million to 250 million won from December 2008 to November 2015, when Kookmin Bank started to produce this statistic, but exceeded 250 million won in December 2015. .
In December 2017, two years later, it exceeded 300 million won, and a year later, in December 2018, exceeded 350 million won, respectively, accelerating the price increase.
Then, in June of this year, it exceeded 400 million won for the first time, and after 4 months, it is rapidly rising past the 450 million won mark last month.
Compared to the average apartment price in the first quintile of the country (11.17 million won) increased by 0.5% from 3 months ago and 1.0% from a year ago, and decreased by 4.4% from 2 years ago The rise in apartment prices is even more pronounced.
Even if the house is moved to Gyeonggi-do beyond Seoul's suburbs due to housing shortages, it seems difficult to pay for the rising house price.
According to a survey by KB Kookmin Bank, the rate of increase in prices of high-priced apartments in Gyeonggi-do was 5.6% and 0.8% for low-priced apartments in the last three months.
This is because the prices of high-priced apartments in popular areas such as Pangyo, Bundang, and Gwacheon, where commuting and commuting to Seoul are possible, jump sharply due to the increase in demand, and house prices in the outskirts of Gyeonggi Province, where demand is less, remain stable.
The average apartment price in the fifth quintile (upper 20%) in Gyeonggi-do was 7863 billion won in July, exceeding 700 million won for the first time, and then rose close to 40 million won to 746.45 million won in just three months.
Apartment prices in the fifth quintile were 27.5% higher than a year ago and 28.0% higher than two years ago, indicating that prices have risen steeply over the past year.
KB Kookmin Bank's senior expert real estate expert Park Won-gap said, "As low-priced apartments are rapidly disappearing, the stability of housing for the poor is threatened."
(Photo = Yonhap News)