As the impact of the June 27 loan regulation continued, the increase in housing prices in Seoul, inc..

As the impact of the June 27 loan regulation continued, the increase in housing prices in Seoul, including apartments, was reduced by half in August compared to June.

However, 3 Gangnam districts (Gangnam, Seocho, and Songpa-gu) and Yongsan-gu continued to rise, focusing on reconstruction complexes and new apartments.

According to the results of a nationwide housing price trend survey released by the Korea Real Estate Agency on the 15th, Seoul’s comprehensive housing price index (including apartments, joint housing, and single-family housing) rose 0.45% from the previous month (July).

This is less than half of the increase (0.95%) in June before the impact of the June 27 measures, which contain high-intensity loan regulations, began in earnest. Compared to the increase of 0.75 percent in July, the figure dropped by 0.3 percentage points.

The increase in apartment sales prices (0.48 percent) in Seoul was also noticeably reduced compared to June (1.44 percent) and July (1.09 percent), leading to a slowdown in overall gains.

However, despite the continued wait-and-see stance due to loan regulations, upward contracts were signed in some preferred complexes and reconstruction-promoting complexes, leading to an overall rise in prices.

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In Gangnam, Songpa-gu (1.20) rose mainly in Sincheon and Jamsil-dong reconstruction complexes, Seocho-gu (0.61%) rose mainly in major complexes in Banpo and Jamwon-dong, Dongjak-gu (0.56%) rose mainly in Heukseok and Daebang-dong, Yeongdeungpo-gu (0.54%) rose mainly in Dangsan and Dorim-dong, and Gangnam-gu (0.54%) rose mainly in Gaepo and Ilwon-dong.

In Gangbuk, prices in Yongsan-gu (1.06%) rose mainly in Dowon and Itaewon-dong, while Seongdong-gu (0.96%) led the rise mainly in Kumho and Seongsu-dong, Mapo-gu (0.59%) led the rise mainly in Yeomri and Daeheung-dong large complexes, Gwangjin-gu (0.52%) led the district and Jayang-dong school districts, and Jung-gu (0.33%) led the rise mainly in Sindang and Hwanghak-dong.

While the Seoul metropolitan area (0.17%) saw its increase of 0.16% points from the previous month, prices in Gyeonggi Province (0.05%) rose mainly in Bundang-gu, Gwacheon-si, and Anyang-si. House prices in Incheon fell 0.08 percent from the previous month.

The non-metropolitan area (-0.05%) increased by 0.03 percentage points compared to the previous month. Sejong City (0.04% → 0.15%) increased, the five metropolitan cities (-0.15% →-0.08%) decreased, and the eight provinces (-0.03% →-0.04%) increased.

The National Housing Price Index rose 0.06 percent, half of the previous month’s 0.12 percent increase.

The Korea Real Estate Agency said, “The purchase inquiries continued for preferred complexes such as new and reconstructed complexes in Seoul and the metropolitan area, but other complexes showed a wait-and-see attitude.” “While sales were quiet due to reduced demand, reconstruction complexes, station areas, and new complexes were mixed, with purchase inquiries concentrated.”

The nation’s comprehensive housing lease prices rose 0.04 percent, the same as the previous month.

Seoul (0.21%) and Gyeonggi (0.05%) saw their gains shrink by 0.03 percentage points from the previous month, while Incheon (-0.11%) saw the same decline. The rise slowed by 0.03 percentage points in the entire metropolitan area (0.08 percent).

While jeonse prices in the provinces (-0.03% → 0.00%) shifted flat, Sejong City (0.17% → 0.31%) increased relatively, and the five major metropolitan cities (-0.01% → 0.04%) shifted upward. Eight provinces (-0.04%) showed the same decline as the previous month.