6 out of 10 real estate experts predicted that house prices would rise this year, but 6 out of 10 real estate agents expect house prices to fall.
According to the ‘KB Real Estate Report’ released by KB Financial Group’s Management Research Institute on the 20th, 64% of real estate experts predicted that house prices would rise this year. In particular, 74% of experts said that house prices in the metropolitan area would rise. Experts cited lack of supply, policy changes after the presidential election, and a decrease in sales due to tightening government regulations as the basis for the forecast for a rise in house prices in the metropolitan area.
On the other hand, 63% of real estate agents said they expect prices in the home market to decline this year. 54% of real estate agents in the metropolitan area also predicted that house prices would fall. Real estate agents cited loan regulations, interest rate hikes, and the burden of buying and selling prices as the basis for the prospect of a fall in house prices in the metropolitan area.
This survey is the result of a survey conducted by the Management Research Institute of KB Financial Group from the 5th to the 11th of last month with 527 certified real estate agents nationwide and 161 real estate experts in the fields of construction, implementation, academia, and finance.
As a result of examining the controversy over the bubble caused by the sharp rise in housing prices, the research institute diagnosed that the possibility of a gradual adjustment is greater than a sharp drop in prices. As house prices have been rising for a long time now, it is unlikely that house prices will plummet as they did during the global financial crisis in the past.
Reporter Jeong Soon-gu soon9@donga.com