As the jeonse crisis intensifies, the demand for mid- to low-priced apartment purchases in the outskirts of Seoul and the metropolitan area is increasing.
After the enforcement of the new lease law, demand for existing rental houses increased significantly for two more years. As the shortage of jeonse deepened and even the price of jeonse soared, tenants who went on sale with ‘Yeong-cheol’ (attracting the soul) began to buy mid- to low-priced apartments. Experts are seeing the impact.
According to the Seoul Real Estate Plaza, the number of apartment transactions in Seoul last month was 4,436, which exceeded the volume of transactions in October (4,369).
Considering that about half of the deadline for reporting (30 days) remains, the trading volume in November is likely to increase further to exceed 5,000 cases.
Apartment transactions in Seoul increased explosively from 3,000 to 5,600 in March to May, to 15,585 in June and 1,643 in July, and then the government demanded it as the June 17 and July 13 measures. As soon as the supply signal was sent through the August 4th measure, the number of cases fell sharply to 4,979 cases in August and 3,763 cases in September.
Since then, the trading volume in October rebounded to 4,369 cases, and last month also exceeded the delivered trading volume, showing an increase for the second consecutive month.
Experts believe that due to the enactment of the new lease law, the demand for existing jeonse houses increased significantly for two more years, which intensified the shortage of jeonse and that part of the jeonse demand was converted to trading in response to the surge in jeonse prices, which affected the increase in transaction volume.
By region, the number of apartment transactions in Guro-gu last month was 366, up 56.4% from the previous month (234), the largest increase in transaction volume in Seoul.
Then, Gangnam-gu 35.8% (215 cases → 292 cases), Geumcheon-gu 30.9% (68 cases → 89 cases), Seongbuk-gu 17.3% (162 cases → 190 cases), Dobong-gu 10.9% (201 cases → 223 cases). Out of the top five wards with a rate of increase, all four were relatively inexpensive suburbs except Gangnam-gu.
Gangdong-gu 10.2% (196 cases → 216 cases), Nowon-gu 9.8% (397 cases → 436 cases), Gwanak-gu 5.5% (128 cases → 135 cases), Seongdong-gu 3.5% (142 cases → 147 cases), Mapo-gu 3.4% (177 cases) →183 cases), Gwangjin-gu 2.8% (72 cases → 74 cases), Songpa-gu 2.6% (229 cases → 235 cases), in total, the transaction volume of 12 districts has already exceeded the previous month, and the remaining 13 districts are still below the previous month's transaction volume. It.
As the buying trend is rising, the prices of houses in these areas are also rising.
In Guro-gu, which has the highest rate of increase in transaction volume, 84.83m2 of area dedicated to Gaebong Prugio in Gaebong-dong was traded at a reported price of 840 million won (4th floor) on the 26th five days later, followed by 833 million won (13th floor) on the 21st of last month.
The flat apartments first surpassed 700 million won from 670 million won (11th floor) in January to 720 million won (25th floor) in March, and 800 million won to 830 million won (25th floor) in August. Over the past year, 170 million won has risen.
Gileum New Town 1 Complex (Raemian Gileum 1st), Gileum-dong, Seongbuk-gu, surpassed 1 billion won for the first time with a contract for 1.15 billion won (6th floor) on the 20th of last month.
After the first pass of 900 million won in June, it has increased by 100 million won in 5 months.
The small and medium-sized flat 59.76m2 of Donga Cheongsol Apartment in Chang-dong, Dobong-gu, was traded at a reported price of 740 million won (4th floor) on the 16th of last month and rose to around 150 million won compared to the beginning of the year.
The November apartment transaction volume in Gyeonggi Province has already exceeded the October level.
According to the Gyeonggi Real Estate Portal, apartment transactions in Gyeonggi-do reached 18,13 last month, up 1.8% from October (17,700).
With the deadline for reporting, it is certain that the number of transactions in November will increase further.
Like Seoul, apartment transactions in Gyeonggi-do also increased for two consecutive months from October (13,557 cases → 17,700 cases) to November.
By region, apartment transactions in Goyang City increased by 77.7% from October (1,395) to 2,479 last month, increasing explosively.
Goyang-si's transaction volume rose to the second place in Gyeonggi-do (1,395 cases) after Gimpo-si (2,394 cases), which exploded due to the'balloon effect' in October, but Gimpo was designated as a target area last month. (1,32 cases) Became the first place.
Last month, apartment transactions in Paju, which avoided designation of regulated areas, increased 32.8% (340 cases) from the previous month to 1,376 cases in November, 29.2% (137 cases → 177 cases) in Uiwang city, 24.3% (563 cases → 700 cases) in Anyang city, Dongducheon City 21.2% (151 cases → 183 cases), Uijeongbu City 12.4% (747 cases → 840 cases), Hwaseong City 8.9% (1,174 cases → 1,279 cases), Seongnam City 9.5% (681 cases → 746 cases), etc. Was.
In Gyeonggi Province last month, there were a total of six places with more than 1,000 transactions, including Goyang, Paju, Hwaseong, and Gimpo, as well as Yongin (1,601) and Suwon (1,377).
All six locations are adjacent to Seoul and convenient transportation, making it possible to commute to and from Seoul, and are considered as alternative residential areas in Seoul.
House prices in these areas are also strong.
In Goyang-si, 84.62㎡ of Boseong Apartment in Gangseon Village, Juyeop-dong, Ilsanseo-gu, is traded at a reported price of 600 million won (7th floor) on the 17th of last month, exceeding 600 million won for the first time, 50 to 100 million won in one month, 150 million won compared to the beginning of the year. Climbed in and out.
In Paju-si, 84.99㎡ of Central Prugio, Mokdong-dong Unjeong New Town, was signed at a reported price of 910 million won (11th floor) on the 26th of last month. It is close to 200 million won than a month ago, and 300 to 400 million won compared to the beginning of the year. The circle has risen.
In the case of 84.94㎡ of Dongtan Station Demonstration Woonam Firstville, Cheonggye-dong, Hwaseong-si, it traded for 1.2 billion won (floor) on the 28th of last month, and jumped 200 million won in five months after trading for 1 billion won (13th and 15th floors) in June.
Cheonggye-dong D official representative said, "Since autumn, the rent has jumped in billions, and the minds of the tenants who have to leave their homes are in a hurry, and they are starting to buy an apartment outside of Dongtan 2," and said, "This influence fills the gap in the price of a house outside Dongtan 2, which was relatively inexpensive. There is an atmosphere that supports house prices in popular areas.”
It seems that the funds for the purchase of apartments that are not filled with the jeonse deposit are covered by ‘young-chil’ using all possible means such as mortgage loans as well as credit loans.
According to the Bank of Korea announcement, the bank's household loan balance last month was 98.2 trillion won, an increase of 13 trillion won from October.
This is the largest increase since statistics were compiled in 2004.
Among household loans, the balance of mortgage loans (715 trillion won) increased by 6.2 trillion won compared to the previous month.
Although the extent of the increase in cheonsei loans has decreased, the BOK explained that demand for funds related to the sale of houses continued.
Other loans (balanced KRW 265 trillion), which are mostly credit loans, also increased by KRW 7.4 trillion from the previous month, the largest increase since 2004.
(Photo = Yonhap News)