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The level of decrease in condominium prices in Incheon was the optimum in the past nine several years and 6 months.
This is the consequence of a frozen shopping for sentiment because of to the rise in the foundation price and economic instability.
In accordance to the Korean Real Estate Agency’s “Condominium Rate Pattern for Two Weeks in August 2022” on the 15th, the sale rate of flats in Incheon fell by .15%.
This is the cheapest amount in 9 decades and 6 months considering that the 2nd 7 days of February 2013 (-.15%).
The Korea Serious Estate Company analyzed that the waiting around condition is prolonged owing to a collection of recent fascination level hikes.
Even though all eight boroughs of Incheon ongoing to decline, the magnitude of the decrease was broadened primarily in the historic downtown region.
Condominium price ranges fell sharply in Michuhol-gu (-.22%), predominantly in Juan and Sungui-dong, in Yeonsu-gu (-.20%) in Yeonsu-dong and in Gyeyang-gu (-, 18%) in Hyosung and Jakjeon -dong.
On the lookout at the true transaction price tag of the Ministry of Land, Infrastructure and Transportation, the 13th ground of the Stadium Central City condominium in Sungui-dong, Michuhol-gu, with an unique place of 84.9171㎡, was bought for 345 million gained previously this thirty day period.
At the conclusion of past thirty day period, a sale on the 22nd floor of the same place was exchanged for 380 million received, but in eight days it fell by 35 million gained.
The sale on the 8th flooring of the Sekyung Condominium in Yeonsu-dong, Yeonsu-gu, with an exclusive region of 51.75 sq m, was also exchanged for 247 million won on the 2nd, down 53 million from as of past Might (300 million received, 10th ground).
The price of an condominium in Incheon also fell by .07% p from the former week to -.18%, indicating that the downward development is intensifying.
In certain, among the the 17 towns and provinces of the region, the drop price was the next best following Sejong (-.22%) and Daegu (-.19%).
In accordance to the Korea Real Estate Agency, Jeonse prices fell throughout Incheon, concentrating on Jung-gu (-.36%), Yeonsu-gu (-.23%) and Gyeyang-gu (-.27%) ), stating that the phenomenon of arrears stays thanks to the new work.
In the meantime, on the 16th the Ministry of Land, Infrastructure and Transport will announce the housing source prepare “2.5 million + α (alpha)” and the concentrate is on how it will affect the stagnant housing market place.
By Yoon Yoo-jung
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