It is predicted that house prices nationwide will fall by 1% next year and jeonse will rise by 1%, which will be virtually flat.
The Korea Institute of Construction Industry held a "2025 Seminar on the Construction and Real Estate Business Outlook" at the Construction Center in Gangnam-gu, Seoul, on the afternoon of the 6th and presented the real estate market outlook for next year.
Kim Sung-han, an associate researcher at the Korea Development Institute, predicted that it will be difficult to show the price level that appeared in the first half of this year due to the strengthening of banks' loan screening and the overall economic slowdown since September.
It also predicted that the metropolitan area will remain strong, but the provinces will continue to decline, leading to polarization according to regions.
In the case of jeonse prices, it is expected that the increase will be slightly lower than this year due to the easing of the apartment concentration phenomenon, which was caused by jeonse fraud.
It also diagnosed that although the conversion to monthly rent is in progress, the speed of the conversion will slow down due to the impact of a cut in market commodity interest rates due to a cut in the benchmark interest rate.
In addition, rental prices for non-apartments such as row and multi-family houses are expected to slow down somewhat as public companies such as Korea Land and Housing Corporation and LH act as a stabilizer.
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