[서울=뉴스핌] Reporter Choi Hyun-min = As a result of the analysis of the national real estate sales market in September, both transaction volume and transaction amount decreased, recording a double-digit decline rate compared to the previous month for two consecutive months.
In particular, among the nine real estate types, the national apartment transaction volume decreased by the largest amount compared to the previous month, reaching the lowest level this year. Even in terms of transaction amount, the decline was calculated to be the second largest after shopping malls and offices.
According to Real Estate Planet on the 14th, the nationwide real estate transaction volume in September this year totaled 71,217, a 21.9% decrease from the previous month (91,139). Based on monthly trading volume, this is the lowest figure this year.
The transaction amount was 27.2553 trillion won, a 26.4% decrease from 37.34 trillion won in the previous month. Compared to the same month last year (79,294 cases, KRW 26.034 trillion), transaction volume decreased by 10.2%, but transaction amount increased by 4.8%.
Among the 9 real estate types, the transaction volume of all types fell, except for factories, warehouses, etc. (aggregated), which rose slightly by about 0.5% compared to August. Apartments had the largest decline, down 31.1% from the previous month, followed by townhouses and multi-family homes at 18.2%, single-family homes and multi-households at 14.3%, officetels and land at 14.1% each, commercial and office buildings at 10.5%, shopping malls and offices at 4.3%, factories and warehouses, etc. (General) decreased by 1.3%.
In terms of transaction amount, commercial and office buildings (33.2%), factories, warehouses, etc. (aggregated), and land increased by 2.5% and 1.1%, respectively, compared to the previous month, but transaction amounts for the other six types decreased. Compared to August, shopping malls and offices fell the most, down 44.1%, and apartments also showed a decline of 41.6%. This was followed by officetels at 23.8%, row houses/multi-households at 21%, single-family/multi-households at 20.5%, and factories/warehouses, etc. (general) at 3.5%.
The volume of apartment transactions in 17 cities and provinces across the country in the month of September totaled 29,545, a 31.1% decrease compared to the previous month (42,869), confirming that the decline was the largest among the 9 real estate types. The transaction amount was calculated to be 12.845 trillion won, down 41.6%.
By city and province, transaction volume decreased in 16 regions, excluding Jeju, which increased by 4.6% compared to August among the 17 cities and provinces nationwide, and the decline rate was particularly large in the metropolitan area, including Seoul. The total volume of apartment transactions in Seoul in September was 2,896, down 53.2% from the previous month (6,183), ranking first in decline, followed by Gyeonggi (41%, 7,608), Incheon (39.3%, 1,762), and Sejong (38.6). %, 297 cases) and Ulsan (28.6%, 825 cases), respectively.
The transaction amount showed a decline compared to the previous month in all 17 cities and provinces across the country. Seoul was the region with the largest decrease in transaction volume and transaction amount, down 53.4% from the previous month (KRW 7.5845 trillion) to KRW 3.53335 trillion. Next is Gyeonggi (45.4%, KRW 3.8765 trillion), Incheon (44%, KRW 676.3 billion), Sejong (42.4%, KRW 151.5 billion), and Ulsan (33.4%, KRW 260 billion), in the same order of transaction volume. It was counted as an area with a large decline.
Compared to the same month of the previous year (September 2023), both transaction volume and transaction amount in 13 regions, including metropolitan areas such as Seoul, Gyeonggi, and Incheon, decreased. Compared to the same month last year, transaction volume fell from as little as 2.6% (Jeonnam) to as much as 23% (Gyeongbuk), and transaction amount showed a decline rate between 4.8% (Seoul) and 22.7% (Gyeongbuk).
The volume of commercial and office transactions in September across the country totaled 3,415, down 4.3% from 3,569 in August. The transaction amount decreased by 44.1% to KRW 1.2234 trillion, which was confirmed to be the largest decrease among all real estate types. Both transaction volume and transaction amount decreased compared to the previous month, but compared to the same month last year (3,240 transactions, KRW 1.0609 trillion), they increased by 5.4% and 15.3%, respectively.
Looking at each city and province, there were mixed increases and decreases by region. Excluding Gyeonggi (920 cases) and Sejong (16 cases), which had the same transaction volume as the previous month, Jeju (122.4%, 129 cases), Incheon (112.1%, 507 cases), Daejeon (92.5%, 102 cases), and Gyeongnam (76.4%, Transaction volume increased in seven regions, including Ulsan (40%, 35 cases), South Chungcheong Province (22.5%, 87 cases), and Daegu (14.6%, 55 cases). In addition, Busan (64.5%, 216 cases), Jeonnam (58%, 71 cases), Gwangju (53.7%, 19 cases), Chungbuk (30.9%, 38 cases), Gyeongbuk (25.6%, 64 cases), and Jeonbuk (21.3%) , 59 cases), Seoul (14.5%, 654 cases), and Gangwon (3.1%, 189 cases) showed a decrease.
The transaction amount increased in eight regions compared to the previous month. Among these, Gyeongnam (169.9%, KRW 69.9 billion) showed the largest increase, followed by Daejeon (142.2%, KRW 28.1 billion), Ulsan (130.9%, KRW 12.7 billion), Jeju (50.4%, KRW 20 billion), and Daegu (48.8%, KRW 189.9 billion). billion won), Sejong (47.6%, 9.3 billion won), Chungnam (47.6%, 18.3 billion won), and Gangwon (11.8%, 24.6 billion won). Among the nine regions where transaction amount decreased, Jeonnam was confirmed to be the region with the largest decrease, recording 8.5 billion won, down 87% from the previous month. Other regions showed decline rates ranging from as low as 7.5% (Gyeongbuk) to as high as 78.3% (Gwangju).
During the same period, the nationwide officetel transaction volume totaled 2,416, a 14.1% decrease compared to the previous month, and the transaction amount decreased 23.8% to 496.4 billion won. However, compared to the same month last year (2,128 cases, 460.9 billion won), there was an increase of 13.5% and 7.7%, respectively.
Jeong Soo-min, CEO of Real Estate Planet, said, “Since July, when transaction volume and transaction amount rose significantly, the national real estate market has been showing a downward-sloping graph with transactions continuously decreasing.” He added, “The market has contracted and economic uncertainty has increased due to the government’s strengthening of loan regulations.” “Overall, real estate transactions, including apartment transactions, which have driven the market upward trend, have decreased, and this situation is expected to continue for the time being as long as the government’s policy stance is maintained,” he said.
