'Aftermath of loan regulations' Seoul apartment transaction price index falls for first time in 9 months

The actual transaction price index of apartments in Seoul fell for the first time in nine months due to the authorities' loan regulations.

The Korea Real Estate Agency said the actual transaction price index of apartments in Seoul fell 0.01 percent in September.

It is the first time that the actual transaction price index of apartments in Seoul has fallen since -1.19% in December last year.

This is due to the impact of the authorities' tightening of funds to manage household debt, such as loan regulations and higher lending rates.

The transaction volume of apartments in Seoul exceeded 9,000 in July and 6,000 in August, but halved to 3,000 in September when loan regulations began in earnest, and transactions have continued to be sluggish last month.

Unlike Seoul and other metropolitan areas, the local apartment transaction price index rose 0.20%, while the national apartment transaction price index rose 0.09%.

Unlike market price trends, the actual transaction price index is an index of the actual transaction price compared to the previous transaction price.

While recent market transactions may accurately reflect fluctuations, there are also limits where fluctuations are unstable when trading volume is low or abnormal.