It was found that the buying sentiment of apartments in the metropolitan area including Seoul has been weakened.

In addition to fatigue from the recent rise in house prices, it is analyzed that the buying trend has contracted due to the increase in lending rates by commercial banks and the announcement of additional lending regulations by the government.

According to the Korea Real Estate Agency on the 22nd, the apartment sales and supply index in Seoul this week (as of the 18th) was 101.6, down 0.3 points from last week (101.9).

This is the sixth straight week of decline.

The supply and demand index is an index of supply and demand by analyzing the real estate agency's survey of member brokerage firms and the number of items sold on the Internet. means

The higher it goes above 100, which is the baseline, the stronger the buying sentiment.

In Seoul, the index fell below the baseline in the first week of April as buying sentiment calmed after the announcement of the '2/4 measures' containing large-scale housing supply plans including the 3rd new city, but it rebounded after a week, starting this week from the second week of April. It has been above the baseline for 28 weeks in a row.

However, after falling from 107.2 in the first week of September to 107.1 in the second week of September, it recorded 104.2 → 102.9 → 102.8 → 101.9 → 101.6 by week, showing a downward trend for the sixth week in a row.

We are getting closer to the baseline of 100.

The real estate agency explained that buying sentiment seems to have shrunk as the perception that house prices have reached a high point and restrictions on the total amount of household loans continue.

When Seoul is divided into five districts, there is an atmosphere of calming buying sentiment in all districts.

In particular, the southeast area, where high-priced apartments are concentrated, fell from 100.5 to 100.4 last week, close to the baseline, and the northwest area also fell from 101.4 to 100.8.

The downtown area (102.5→101.8), the southwest area (102.1→101.9), and the northeast area (102.7→102.5) all fell.

The metropolitan area as a whole also fell from 101.9 to 101.6.

Both Gyeonggi (107.4→106.0) and Incheon (109.2→108.4), where the index has risen for the past two weeks in a row, have also weakened.

Buying sentiment in the provinces is also calming.

All provinces excluding the metropolitan area recorded 103.9, the five metropolitan cities excluding Incheon recorded 102.4, and eight provinces excluding Gyeonggi recorded 105.3, all falling for the second week in a row.

The supply and demand atmosphere in the Jeonse market was also found to be similar.

The Jeonse supply and demand index for apartments in Seoul was 102.3, 0.6 points lower than last week.

By region, except for the increase in the southwest region (102.7→103.2), the city center (103.2→102.7), the northeast region (103.9→102.5), the northwest region (102.5→102.1), and the southeast region (101.7→100.9) all fell.

Gyeonggi fell from 104.3 to 104.2, Incheon from 105.5 to 103.8, respectively, and the entire metropolitan area fell from 104.3 to 103.5.

The real estate agency analyzed, “In the case of Seoul, the number of properties increased slightly due to the high jeonse burden, but due to the last-minute moving demand in the fall, the increase in Jeonse prices is continuing mainly in areas with good station areas and school districts, and in areas with low and medium prices.”

(Photo = Yonhap News)  

Keywords: confidence, sentiment, area, increase, trend, announcement, banks, lending regulations, rise, fatigue, seoul, apartments, loan restrictions, index, seoul