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is a friendly economic time.

Reporter Han Ji-yeon is also here today (the 8th).

Recently, apartment prices in Seoul have been falling.



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Yes, it has been on a downward trend for 6 consecutive weeks now, and even the price of an apartment in Gangnam-gu, which has been holding on for 4 weeks, has turned to a decline. It is the first time in 4 months since March.



In the first week of July, apartment sales prices in Seoul fell by 0.03%, and all autonomous districts except Seocho-gu recorded a decline or flat rate.



In Gangbuk, where there are many low- and mid-priced apartments, the decline was even greater.

Overall, it fell by 0.05%, especially in Gangbuk-gu and Nowon-gu, by 0.08%.



Yongsan-gu, where house prices soared since the presidential election before the presidential office moved, also recorded a flat rate for three weeks in a row.



As interest rates continue to rise, loans are burdensome, and there are concerns about an economic recession due to high inflation.



As the situation of buying a house continues to become burdensome, house prices continue to fall.



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Especially, apartment prices in Incheon are falling more and more.



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Last year, Incheon had the highest rate of increase in apartment prices in the country.

It was almost 23% higher.



Incheon, which has been like this, has been falling for the last 12 weeks in a row, that is, from the second week of April to the last month.



Excluding the 0.004% gain in the first week of April, it was the 21st straight week of decline.

Last week, it fell 0.08%, making it even worse than the previous week.



Apartments that cost over 800 million won in Songdo, Cheongna just a few months ago were sold for over 100 million won last month.



The problem is that the situation in the future is also not good. Like in Seoul, the number of occupants in the Incheon area increased this year in a situation where buyers did not come forward, and recently, house prices are expected to go down as the government does not loosen the regulatory areas designated in 2020.



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There are many reasons why apartment prices keep falling like this, but the main reason is that there are no people who want to buy them in the end.



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Yes, the 'trade drought' situation has gotten worse. The turnover rate for collective buildings such as apartments and officetels was 0.42% last month, the lowest in 9 years and 5 months.



The transaction turnover rate indicates the degree of activation of sales, and the lower the number, the smaller the number of real estate sold compared to the available real estate.



The transaction turnover rate, which peaked at 0.83% in March last year, fell steadily and fell to 0.42% last month, indicating that only 42 out of 10,000 were traded.



In a situation where buying sentiment has shrunk, since last May, the number of houses for sale has increased as a measure to ease the capital gains tax for multi-homeowners.



The market expects that such a trade drought and backlog phenomenon will continue in the future.



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okay.

So, how do experts see the current drop in apartment prices as a temporary or a long-term one? 



<Reporter>



Yes, it is an analysis that the house price is falling now is the stage where the bubble in house prices that has soared is coming to an end.



Those who still want to sell try to sell at a higher price, while those who want to buy have a strong tendency to go down and buy at a lower price.



If such a wait-and-see situation leads to a transaction drought, and if unrest factors such as interest rate hikes and inflation are not resolved, the decline in house prices is expected to continue in the second half of the year.



However, experts believed that it would not lead to a sharp decline unless an economic shock such as the financial crisis occurred.