After the presidential election, the Seoul apartment market showed signs of recovery from an extreme trading cliff, and it was found that the proportion of small apartment transactions, mainly under 600 million won, increased.



According to the real transaction price system of the Ministry of Land, Infrastructure and Transport, out of a total of 947 apartment transactions in Seoul reported from the presidential election on the 9th of last month to the 14th of this month, the total transaction volume of apartments under 600 million won was 425, accounting for 44.9% of the total.



This is an increase of 11.2 percentage points from 33.7%, which accounted for less than KRW 600 million in the same period last year.



In contrast, the proportion of apartment transactions exceeding KRW 900 million to less than KRW 1.5 billion, where the mortgage loan ratio (LTV) is restricted, has decreased from 23.9% last year to 21.6% after the presidential election this year.



In particular, the number of apartments exceeding 1.5 billion won for which no mortgages were issued at all fell from 15.7% last year to 12.1% this year.



Also, by size, the transaction of small and medium-sized apartments increased significantly compared to mid-large-sized apartments.



Since the presidential election this year, the proportion of transactions with an area of ​​less than 60 square meters was 61.1%, significantly exceeding 48.9% in the same period last year.



On the other hand, the proportion of mid-to-large-sized businesses exceeding 85 square meters of exclusive use was 11.7% after the presidential election this year, down 4 percentage points from last year’s 16%.



Experts believe that if the heavy capital gains tax for multi-homeowners is excluded for one year from the 11th of next month, the demand to reduce the number of houses by selling low- and mid-priced apartments in the outskirts first is expected to increase.