Due to loan regulations and interest rate hikes this year, the proportion of small and low-priced apartment transactions is rapidly increasing.
According to the statistics of the monthly apartment transaction volume by the Korea Real Estate Agency on the 10th, 22.0% (1741 cases) of sales of less than 40 square meters of exclusive area among 7917 Amart sales in Seoul from January to May of this year were counted.
This figure is the highest as of January to May since 2006 when the Real Estate Agency compiled related statistics, and soared by nearly 10 percentage points from 12.6% last year.
In particular, this is the first time that the proportion of apartment sales in this area has exceeded 20%.
During the same period, in 25 districts of Seoul, the highest share of sales of apartments under 40 m² was highest in Jungnang-gu (43.0%), followed by Jongno-gu (37.1%), Jung-gu (36.4%), Yeongdeungpo-gu (33.7%), Gwanak-gu (29.4%), Gang Dong-gu (28.7%) followed.
If the scope is expanded to less than 60 square meters for apartments, which is the standard for small-sized apartments, the proportion of sales until May of this year is 51.5%, which is the second highest level since 2007 (55.0%).
It is understood that transactions were made mainly in small, low-cost apartments with relatively low financial burdens as high-strength loan regulations and interest rate hikes continued.