[Real Estate] Nationwide Real Estate Stability Confirmed, Including Seoul

*This content was translated by AI.

The real estate market has made a complete turnaround with a stable trend.

According to Real Estate R114 data, the nationwide apartment transaction prices fell by 0.2% in the third week of April. All 17 provinces and cities nationwide showed negative fluctuation rates.

Seoul fell by 0.17%, while Gyeonggi and Incheon dropped by 0.25%, leading to a 0.20% downward adjustment in the metropolitan area. Non-metropolitan areas also saw declines, with the five major metropolitan cities falling by 0.20% and other local areas by 0.14%. By region, the largest declines were in Ulsan (-0.35%), Jeonbuk (-0.31%), Gyeonggi (-0.26%), Busan (-0.25%), and Incheon (-0.22%).

Nationwide apartment rental prices rose by 0.04%. Seoul increased by 0.05%, Gyeonggi and Incheon by 0.03%, and the metropolitan area by 0.04%. The five major metropolitan cities and other local areas each rose by 0.01%. Among the 17th provinces and cities nationwide, eight saw increases, six remained flat, and three declined, with rising areas being dominant. By region, Jeju (0.09%), Gangwon (0.09%), Busan (0.05%), and Seoul (0.05%) recorded increases.

The government decided to exclude multiple-home owners from the higher capital gains tax on land transactions up to applications submitted by the 9th. Accordingly, if a multiple-home owner sells a house with a lease to a non-homeowner within a land transaction permit zone and completes the permit application by the 9th of the following month, the buyer's obligation to reside in the property will be deferred.

Recently, the real estate market has seen rapid policy responses, with exceptions being consistently added.

Multiple real estate experts stated "the real estate market has found stability and now requires consistent management".

Meanwhile, it appears that the current problem in Korea's capital market lies not in real estate but in the securities market. The government seems to need close monitoring of mortgage-backed loans (stock collateral loans) to prevent empty accounts.

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*This content was translated by AI.