Is "Supply Cliff" a reality?Starting next year, the supply of apartments in the Seoul metropolitan area will decrease.

As the number of housing construction has recently decreased, the housing supply is expected to begin in earnest starting next year in the metropolitan area.

According to a report released by the Korea Institute of Construction and Industry, "The current government's evaluation and suggestions on housing supply expansion policies" showed that an average of 429,000 households were completed in the national housing supply market for 19 years from 2005 to last year when housing supply statistics began to be compiled.

In the meantime, construction began to decline in 2022, and last year, it was below 300,000 households, but the decrease in construction is expected to be a decrease in construction with a time difference of two to three years.

In particular, in the case of apartments in the metropolitan area, the completion volume will exceed the average of 156,000 households by this year, but it is expected to be below the annual average from next year.

Last year, only 100,000 households started construction, and the decline in construction volume is likely to continue after next year.

Non-apartments, not apartments, have already been on the decline since 2016, so the overall housing supply in the Seoul metropolitan area is expected to fall below the previous year's average of 216,000 households from next year.In the case of the

local housing market, the number of completed units is expected to decline from next year after continuing the increase in construction until this year, and the decrease in construction will be the largest in 2026.