▲ Areas where apartment sales prices in Seoul rose during the month of the presidential election
Real Estate R114 provided
Apartment prices in Yongsan, Seoul, where the presidential office is scheduled to be relocated, have risen sharply in the first month following the election.
In addition, as expectations for the easing of real estate regulations grew, house prices in Seocho, Gangnam, and Yangcheon-gu, where there were reconstruction issues, were also on the rise.
According to Real Estate R114 on the 8th, apartment prices in Yongsan-gu rose 0.38%. It is the highest among Seoul autonomous districts.
Apartment prices in Yongsan-gu rose 0.10 percent this week alone. In major complexes such as Raemian Ichon-dong, Ichon Cellitus and Hyundai Apartments, house prices rose by 25 to 50 million won within a week. This is because there is an expectation that regional development will be accelerated if the presidential office is relocated.
The number of areas where apartment prices rose following the presidential election also expanded from seven immediately following the election (March 11) to 12 this week.
After Yongsan-gu, Jung-gu (0.33%), Dongjak-gu (0.13%), Gangnam-gu (0.11%), Seocho-gu (0.09%), and Yangcheon-gu (0.07%) showed the highest increase in apartment prices over the past month.
This is because most of the areas have issues with redevelopment projects, and the new government is expected to ease reconstruction regulations for a smooth urban housing supply.
Gangnam, Seocho, and Yangcheon-gu, where there are many reconstruction complexes, are considered to be the beneficiaries of deregulation.
Although the buying sentiment is gradually reviving mainly in the Gangnam area, the sentiment to observe additional institutional changes in the midst of an interest rate hike is not strong enough to lead to actual transactions, Real Estate R114 reported.
Lim Byung-cheol, head of Real Estate R114 research team, said, “As the Real Estate Task Force (TF) of the Presidential Transition Committee started discussing the easing of reconstruction regulations in earnest, buying sentiment is recovering. atmosphere of receiving,” he said.
However, he predicted, “If the new government gets caught up in deregulation, it may stimulate the market and house prices may rise once more, so the possibility of adjusting the pace of deregulation is increasing,” he said.
Reporter Shin Jin-ho
Reporter Shin Jin-ho
