Oreumse's "Ju-Dance"...Seoul shrinks after 10 months of nationwide house price increase

Seoul's apartment price growth rate is 0.79% in September... Reduced over-the-delivery

Monthly home sales rise, first drop in 10 months

September's trading volume is likely to weaken further as trading volume decreases

"House prices will not turn downward on trend"

[Anchor]
The rise in housing prices across the country, including Seoul, seems to be slowing down in earnest.

In both Seoul and the country, the monthly increase in house prices fell for the first time in 10 months from the previous month, and the slowdown in the increase is expected to continue for the time being.

I'm reporter Kim Ki-bong.

[Reporter]
Apartment prices in Seoul rose 1.27% in August, the largest monthly increase in five years and 11 months based on the Korea Real Estate Agency's tally.

In September, the gain dropped sharply to 0.79%.

Although the price has risen from the previous month, the momentum has eased.

[Kim Jae-sun / Real Estate Agent (Yeoksam-dong, Seoul)] The price has gone up too much. [There's a big price gap with those who want to buy it]
The situation is similar across the country, with apartment prices rising 0.23% in September, slowing from 0.33% in the previous month.

The overall sale price of houses, including non-apartments, also remained on the rise in both the country and Seoul, but the width decreased.

It is the first time in 10 months that the monthly increase in home sales has decreased compared to the previous month in both the country and Seoul since November last year.

[Ko Jong-wan / Director of Korea Asset Management: We already bought a lot of houses before the stress DSR implementation in September, and the effect of the rate cut was reflected in the shelf, and due to the decrease in investment demand as well as actual demand due to the burden of soaring housing prices]

Moreover, the rise in housing prices is expected to weaken for the time being, as the trading volume of apartments in Seoul fell to half the previous month and a third in July.

However, housing prices are not on the decline and are not falling in a trend, and it is highly likely that they will remain strong and continue to rise again this year.

[Interview] Lee Eun-hyung, a member of the Korea Institute for Construction Policy, said, "When targeting major regions such as Seoul, it is more likely to follow a modest trend rather than a sharp fluctuation in housing prices."

In September, jeonse prices in the nation and Seoul also rose 0.19% and 0.40%, respectively, down from the previous month's increase, while monthly rent prices across the country remained elevated, but the rate of increase shrank slightly to 0.11%.

I'm Kim Ki-bong of YTN.


Video editing: Han Soo-min
Design: Jeon Wirin