The Moon Jae-in administration announced more than 20 real estate measures over the past four years, but it was found that house prices in Seoul and the whole country jumped significantly.
Although there are differences depending on the statistics writing agency, the rate of increase in house prices in Seoul was 15% based on Korea Real Estate Agency and 35% based on KB Kookmin Bank.
Looking at the actual transaction, it is not difficult to find a complex where apartment prices have more than doubled in Seoul over the past four years.
According to statistics from the Korea Real Estate Agency's monthly housing price trend survey today (10th), house prices across the country rose 10.75% over the past four years from May 2017 when President Moon Jae-in took office to last month.
By housing type, apartments rose by 12.01%, detached houses by 12.34%, and row houses by 2.69%.
By region, Seoul rose 15.39%, Gyeonggi-do and Incheon rose by 18.48% and 14.76%, respectively, up 17.00% for the entire metropolitan area.
In Seoul, Mapo-gu rose the most with 20.67%, followed by Songpa-gu 19.55%, Yeongdeungpo-gu 19.02%, Yongsan-gu 18.59%, Seongdong-gu 18.73%, Gangnam-gu 18.10%, Gangdong-gu 18.01%, and so on.
The 3 districts of Gangnam, where expensive houses are concentrated, and the so-called'Mayongseong' (Mapo, Yongsan, Seongdong-gu), which has increased significantly in recent years, are in the shape of raising the overall house price in Seoul.
In Gyeonggi-do, Suwon Yeongtong-gu recorded the highest increase rate of 42.60%.
Yongin Suji-gu (41.83%), Guri-si (40.82%), Gwangmyeong-si (36.48%), Seongnam Bundang-gu (33.06%), and Yongin Giheung-gu (33.58%) also recorded high growth rates.
In Incheon, the rate of increase in Yeonsu-gu (27.46%) and Seo-gu (15.26%) was high.
Fat as a whole rose 5.36%.
Sejong City rose 47.50%, the highest in the country, followed by Daejeon (32.16%), Daegu (17.87%), Gwangju (9.50%), and Busan (7.82%).
Ulsan (-0.37%) is the only metropolitan city that has lowered house prices.
According to statistics from KB Kookmin Bank, a private research institute, the house price in Seoul rose by 34.95% during the same period, more than twice as high as the government-approved statistics, the Real Estate Agency Survey.
In KB statistics, Nowon-gu's house price rose 52.09% over the past four years, playing the most in Seoul, followed by 48.04% in Yeongdeungpo-gu, 46.21% in Yangcheon-gu, and 44.49% in Songpa-gu.
The KB statistics prepared by banks to calculate the appropriate collateral value of mortgage loans have a relatively high proportion of quotes, so the rate of increase is generally higher than that of real estate staff statistics based on actual transaction prices.
If you look at the actual transaction price registered in the public system of the Ministry of Land, Infrastructure and Transport, you can easily find a place where apartment prices have doubled or more in Seoul for four years.
(Photo = Yonhap News)