Tentative fall in September apartment transaction price index on loan regulations

The actual transaction price index of apartments in Seoul fell last month due to the government's loan regulations.

According to the Korea Real Estate Agency, the provisional index for the actual transaction price of apartments in Seoul recorded -0.47 percent last month.

If the drop is also decided in the fixed figure to be released next month, the actual transaction price index of apartments in Seoul will turn downward for the first time in nine months since December last year.

The provisional index of the actual transaction price was calculated only from the data on the actual transaction price reported until the time of statistics preparation, and in September, only transactions reported until the beginning of this month were reflected.

The deadline for reporting the actual transaction of the property contracted in September may differ from the final results until the end of this month, but considering the recent slump in the trading market, the final results are also likely to turn downward.

The provisional index of actual transaction prices of apartments nationwide in September, compiled by the Korea Real Estate Agency, is also expected to fall 0.06% compared to the August transaction, turning downward for the first time in five months since April.