Assemblyman Kim Hoe-jae’s office, Seoul apartment transaction data analysis
Transactions have been reported in apartment complexes in the Gangnam area of Seoul since the presidential election last month.
However, it is necessary to be careful in interpreting this as an indicator that reflects the current real estate market situation, as there are many cases in which the price has risen since the transaction was completed within a year or two, rather than because the house price jumped significantly following the election.
According to the ‘Status of Apartment Transactions in Seoul following the Election (3.10~4.12)’ data received from the Korea Real Estate Agency on the 18th by Rep. Kim Hoe-jae of the Democratic Party of Korea, 31.9% of the 640 sales contracts traded in Seoul during the survey period showed an increase in house prices compared to the previous high. 204) were counted.
Among them, the ratio of transactions that increased from the previous high in Gangnam and Seocho-gu was 49.2% (29 out of 59), which was higher than the Seoul average.
The real estate market in Seoul has entered a downward and stable trend under the influence of interest rate hikes and loan regulations amid a growing perception that house prices are at a peak, but following the presidential election, expectations for deregulation, such as reconstruction, are growing, and the Gangnam area reconstruction complex is the center of the situation. .
Looking at the main case presented by Rep. Kim’s office, the 164.9㎡ exclusive area for Dogok Hyundai Hill State in Dogok-dong, Gangnam-gu was traded at 2.25 billion won on the 30th of last month, up 360 million won from the previous high (1.89 billion won).
Also, on the 11th of last month, the 217.86 m² dedicated to Heren House 2, Samseong-dong, Gangnam-gu, was traded at 5 billion won, up 1.6 billion won from the previous high (3.4 billion won), and the 132.39 m² of Samho 2 Samho 2, Bangbae-dong, Seocho-gu was 22.90 million won higher than the previous high price on the 11th of last month. sold for billions
According to the real transaction price disclosure system of the Ministry of Land, Infrastructure and Transport, the previous highest price for Dogok Hyundai Hill State was in June 2020, and the previous highest price for Samho 2 in Bangbae-dong was made in July 2018, respectively.
The comparison of last month’s transactions with transactions 1 year and 10 months ago and 3 years and 8 months ago, respectively, is analyzed to be somewhat unreasonable to use as an example of the real estate market fluctuations immediately following the election.
The previous high price of Heren House 2 was also made in May of last year, compared to 10 months ago.
Rep. Kim said, “I wonder if the Presidential Transition Committee is taking the possibility of instability in the real estate market too easily. .
/yunhap news
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