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There are many people who want to sell a house, but fewer people want to buy it, and house prices in Seoul are falling.
A house was also sold for 400 million won cheaper than a month ago.
Reporter Jeon Yeon-nam covered it.
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It is a large apartment complex with over 5,000 households in Jamsil, Seoul.
An 84-square-meter apartment in this complex was sold for 2.25 billion won last month, but it was sold for 400 million won in one month.
[Authorized Broker in Songpa-gu, Seoul: Because they are down (lower prices), things are coming out, but transactions are not happening.
200 million has dropped.]
This most expensive apartment in Dongjak-gu, Seoul also sold 200 million less than a house with the same number of floors and a similar area sold in December last year.
As a result of the Korea Real Estate Agency, apartment prices in Seoul fell by 0.01% for the second week, and in particular, Gangnam-gu also stopped the upward trend for the first time in three months.
As the transfer tax for multi-family homes was lifted for one year, more and more people are selling their houses, but the number of people who want to buy has stopped.
Among them, the house prices appear to have dropped by hundreds of millions of dollars as the quickest selling items are sold.
[Ham Young-jin/Director of Jikbang Big Data Research Center: I was about to sell things when I was on probation, but recently, the vitality of the trading market has decreased and the demand for housing purchases taking into account the loan interest burden is very low.]
The supply-demand index, which shows the supply and demand for apartments in Seoul, also continued to fall for the fifth week, supporting this phenomenon with numbers.
As interest rates continue to rise, the transaction cliff will continue to follow, and conversely, those who have to sell their homes will struggle for a while.