Input 2021.02.01 06:00
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This year, the number of apartments in Seoul concentrated in the first quarter. Of the 27273 households in total, the expected occupancy in the first quarter accounts for 40.8%. There are 3372 households in January and 2081 households in March. After that, there are only 1050 households in April, 1873 households in May, 1048 households in August, and 1116 households in December.
According to Jikbang, in February, 1529 units of’Magok Embelli 9 complex’ in Magok-dong, Gangseo-gu, 950 units of’Sangdo Station Lotte Castle’ in Sangdo-dong, Dongjak-gu, 946 units of’Gangdong River River Complex 8’in Gangdong-gu, and 943 of’Gangdong Reen Park Complex 14′ in Sangil-dong. Each of the furniture and the like will be moved in.
The amount of new apartments occupied plays a key role in the supply of rented houses. This is because many of the people who were sold apartments pay the balance by receiving rent. If the number of occupants is large, it affects not only the relevant complex but also the nearby complex and the nearby local charter market. Conversely, if the number of occupants decreases, the supply of jeonse is likely to contract.
Already, Seoul is recording an all-time shortage of supply and demand for charters. Last November, the Seoul apartment charter supply and demand index exceeded 130, a record high. Since then, it has improved slightly and has fallen to 126.9, but it is still very high. The chartered supply and demand index, which is set between 0 and 200, means that the closer to 0, the more supply, and the closer to 200, the more demand.
Experts predict that it will be difficult to resolve the jeonse crisis for the time being as the supply even decreases in the face of the government’s resistance to real estate measures. Jihae Yoon, senior researcher at Real Estate 114 said, “Even if the amount of occupancy is concentrated in January and February, the excess demand will remain,” and predicted, “If the number of occupants is reduced afterwards, the jeonse crisis will continue for a considerable period of time.”
Shim Gyo-eon, a professor at Konkuk University’s Department of Real Estate, said, “As the jeonse crisis is intensifying and there is no move-in volume, it will be overwhelming after February.”
He added, “Even the supply measures announced before the New Year will not be effective in that apartments are not assets that can be supplied right away. In the short term, no matter what policy the market puts out, the’white medicine is invalid’ situation.” Said.
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