<Anchor> It
's friendly economy time.
Reporter Han Ji-yeon is also here today (26th).
Are apartment prices in Seoul really dropping?
<Reporter>
Yes, apartment prices in Seoul fell 0.11% in the fourth week of August.
The decline is larger than last week's 0.08% decline, and the minus 0.11% is the first in about three and a half years since March 4, 2019.
In the Gangbuk area, Nowon-gu, Dobong-gu, and Seongbuk-gu fell by more than 0.2%, and in the Gangnam area, Songpa-gu and Yeongdeungpo-gu fell 0.1%.
Even when house prices fell, Seocho-gu and Yongsan-gu, which had maintained an upward trend by myself, also turned negative from last week.
This week was the second straight week of decline, increasing the drop to 0.02%.
Apartment prices nationwide also fell 0.14% from the previous week, showing a 16th week of decline.
151 of the 176 cities, counties, and gu in the announced area fell, which is close to 86% of the total.
Yesterday, the Bank of Korea raised the benchmark interest rate by 0.25%.
On the 22nd, at the time of the investigation, the prospect of an interest rate hike already came out, and the transaction cliff has intensified due to concerns that house prices will fall again.
The downward revision of the listing price continued to increase the extent of the decline.
<Anchor>
Are you saying that not only in Seoul, but especially in the 1st new city, apartment prices are dropping a lot these days?
<Reporter>
Yes, in the housing supply measures announced on the 16th, the disappointment grew that the 1st new city reorganization master plan was established in 2024.
The decline in this region was notable.
Even the President's Office said that they would initiate follow-up measures to promote the reorganization, but the downtrend could not be stopped.
Bundang, Seongnam City fell 0.13%, nearly twice as large as last week.
Goyang-si, Gyeonggi-do also doubled the drop, dropping 0.12%, and Anyang-do's drop rate increased from 0.12% last week to 0.19%.
An 84㎡ apartment in Ilsan, Goyang was traded for 455 million won on the 30th of last month, which is 45 million won less than a week ago.
A 69 square meter apartment in Bundang-gu was traded for 1.35 billion won last month, but just a week later, it fell close to 200 million won and sold for 1.185 billion won.
This is a drop of more than 300 million won from the highest price in October last year.
<Anchor>
Are you saying that there is a data available that can tell you where in Seoul the risk of canning is high?
<Reporter>
Yes, it was reported that Gangseo-gu, Yangcheon-gu, and Geumcheon-gu had a large amount of kan-jeonse, but as the jeonse rate exceeded 90%, it was counted that the risk of kan-jeonse was high.
The Jeonse rate refers to the ratio of the Jeonse price to the housing sale price. Usually, when this ratio exceeds 80%, it is considered as a risk signal for Jeonse.
If such a house goes up for auction, you may not be able to get the full amount of the Jeonse deposit back, so be careful.
In the second quarter of this year, the jeonse rate of new jeonse contracts for multi-family units was found to be an average of 84.5%. Of the total 25 autonomous districts, 21 have more than 80%, indicating that most of downtown Seoul is in a risky area.
Among them, there are many newly built villas recently. Gangseo-gu had the highest rate with 96.7%, followed by Geumcheon-gu and Yangcheon-gu with 92%.
In the future, you can check such information on jeonse and monthly rent on a quarterly basis on the Seoul Housing Portal.
<Anchor>
Do individual investors buy a lot of bonds instead of stocks these days?
<Reporter>
Yes, as uncertainty in the stock market grows, bonds are favored as safe assets.
The amount of bonds net bought by individual investors this year exceeded 10 trillion won for the first time ever.
By the 24th, we had net bought 10,471.3 billion won, which is more than double the amount we bought in the past year, and nearly three times compared to the same period last year.
The domestic and foreign stock markets are not good.
The KOSPI has been down 18% since the beginning of the year, and the bear market has continued, and the New York Stock Exchange has also fallen more than 21% in the case of the Nasdaq.
With more variables such as the Ukraine war and US Fed tightening, money is flowing into bonds, which are considered relatively safe assets.
If the bond is held until the maturity date, the principal and interest can be received at the promised rate of return, and when the bond interest rate falls, the price of the bond purchased when the interest rate was high rises, so you can sell it in the middle to make a profit.