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Last year, apartment prices nationwide fell by more than 3%.
This is because of concerns about a steep interest rate hike and economic slowdown, but the downturn in the real estate market has been confirmed again by statistics.
This is reporter Cho Ki-ho.
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the monthly housing price trends published by KB Kookmin Bank, apartment prices in Seoul fell by an average of 2.96%.
By distinction, Dobong-gu fell the most by 6.4%.
Songpa, Nowon, and Seongbuk-gu all showed mid-to-late 5% declines.
The three districts that rose were Yongsan by 2.41%, Jongno by 1.02%, and Seocho by 0.71%.
It was found that the national apartment price fell by 3.12%, more than in Seoul.
Among them, Sejong fell 11.97%, recording the largest drop rate by province.
[Park Won-gap/KB Kookmin Bank Senior Real Estate Expert: When the interest rate hike is completed to some extent, it can be traded a bit centered on urgent sales in line with the policy effect, but there are variables in the economic downturn and the loan interest rate is still high, so it is difficult to significantly increase transactions as...
.]
The market capitalization of apartments also plummeted.
According to Real Estate R114, Seoul, in particular, decreased by 23.3 trillion won in just six months compared to last year's June, when it peaked.
The market capitalization of apartments in Seoul was 913 trillion won in January 2020, but it continued to increase until June of last year after surpassing 1,000 trillion won in seven months as house prices soared.
Last year, the area where the market capitalization of apartments decreased the most was Gyeonggi-do, which fell by 18.7 trillion won.
It was followed by Seoul, Incheon, Daegu, Daejeon, Busan, and Sejong, followed by a decrease of nearly 52 trillion won nationwide.