[real estate] the stability of apartments in Seoul

*This content was translated by AI.

Seoul apartment real estate, the barometer of the Korean real estate market, continues to stabilize.

National apartment sales rose 0.16 percent in the first week of April, according to real estate R114 data. Seoul rose 0.17% and Gyeonggi and Incheon rose 0.20%, showing a 0.18% change in the metropolitan area. In the non-metropolitan area, the movement was weak compared to the metropolitan area, with the five major metropolitan cities rising 0.09% and other regions rising 0.04%.

The regions that rose were in the order of Gyeonggi Province (0.23 percent) and Jeonbuk Province (0.20 percent) by region.

Jeonse prices also rose 0.03% to maintain stability. Variations in the rate of change by region were small, with 0.04% in Seoul, 0.02% in Gyeonggi-do and Incheon, and 0.03% in the Seoul metropolitan area

The stable flow of real estate is that from April 17, the extension of the maturity of apartment mortgage loans for multi-homeowners is not allowed in principle. The regulations include individuals who own two or more houses and rental businesses (individuals and corporations), and considering that new handling has been suspended through the 6.27 and 9.7 measures, new restrictions on mortgage loans received in the past have been newly established.

Multiple real estate officials said, "According to the financial authorities, about 12,000 households are due this year, but considering the end of the lease contract, the actual timing of the sale is expected to be dispersed until next year and the gradual decline is expected to continue."

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*This content was translated by AI.