The number of apartment sales in Seoul continues to be the lowest ever in the housing market.This is because the aftermath of economic instability such as interest rate hikes and inflation continues.Relatively inexpensive villas (multi-family and row houses) are significantly exceeding the number of apartments sold.
According to statistics from Seoul Real Estate Information Plaza on the 19th, the number of apartment sales as of the contract date was 643 in July, the lowest ever since the related statistics began to be compiled in 2006.In August, only 540 cases have been reported so far, and the minimum is expected to be renewed.Although the deadline for reporting (within 30 days after the contract) remains for about 10 days, it is unlikely that more than 100 additional sales will be reported during the remaining period.As of this month, the number of apartment sales reports in Seoul so far has been reported so far.
On the other hand, the number of apartment sales in Seoul has continued the same trend since January last year.In the previous month and this month, 1,882 and 243 cases of villa sales were registered, respectively, more than three times the number of apartment sales.
In general, it has been clear that housing consumers generally prefer apartments to villas because of the perception that villas do not trade well in the market, and prices do not rise well.However, since the second half of last year, the situation has reversed due to high-intensity loan regulations, pressure to raise interest rates, and concerns over a full-fledged economic slowdown starting this year.
Villa sales have also been on the decline since April (3897 cases) in the wake of interest rate hikes and sluggish economy, but have exceeded apartment sales for 21 months.
Villa's share of the total trading market is also increasing.According to the Korea Real Estate Agency's statistics on sales by housing type (based on the reporting date), out of 4,858 houses (single, multi-family, multi-family, row houses, and apartments) in Seoul in July, villas (multi-family, row houses) accounted for 66.0% of the total.
On the other hand, the proportion of apartment sales in Seoul was 21.2% in July, the lowest ever since statistics were compiled.In the same month, in Gangseo-gu (83.4%), Yangcheon-gu (81.3%), and Gangbuk-gu (80.3%), more than eight out of ten houses were villas.
The relatively large number of villa sales in Seoul seems to have been affected by the revitalization of the city's redevelopment and maintenance projects.The city has been holding a second public offering for rapid integrated housing redevelopment since the 29th of last month.A total of 102 applicants from 24 districts applied for the first public offering held last year, and 21 were selected as the final candidates.
In addition, 39 out of 19 districts recently applied for the Moa Town project, which provides housing like a large-scale apartment by improving the residential environment of old low-rise residential areas within 100,000 square meters, which are difficult to redevelop on a large scale.
[Jo Seongshin, reporter of Maekyung's website]
[Maeil Economy & mk.co.kr]
