Input 2021.02.19 06:00 | Revision 2021.02.19 06:06
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According to Jiji Auction, the final successful bid price for a detached house in Mia-dong, Gangbuk-gu, Seoul, held on the 25th of last month was 42.99 million won, 223% of the appraised value (19.26 million won). In addition, the final successful bid price for the multi-family house in Dorim-dong, Yeongdeungpo-gu, Seoul, held on the 27th of last month was 81 million won, 157% of the appraised price (55.3 million won). The final successful bid price for a detached house in Jegi-dong, Dongdaemun-gu, Seoul, held on the 25th of last month was 852 million won, 112% of the appraised price (78.09 million won).
In the real estate industry, it is believed that the circulation sale phenomenon is occurring as a single house instead of an apartment. When designated as a regulated area, demand for investment was driven to non-regulated areas, but as most of the country became regulated areas, funds were being driven to Seoul instead of the provinces, and single-family houses that had risen less than apartments that had risen a lot.
The reason why the auction market is heating up is that if you win a house at an auction, you can buy it at 10-20% cheaper than the market price. Detached or multi-family homes can be invested at a lower cost than apartments.
Real estate experts have announced the second and fourth measures containing large-scale supply plans, but for the time being, they believe this will continue. This is because there is a high possibility that end-users and investors are likely to enter the housing auction at the same time because there is still pessimism that it is difficult to supply housing in a short period of time.
Joon-Seok Ko, an adjunct professor at Dongguk University’s Graduate School of Law, said, “If you buy a house through auction, you can buy it cheaper than the market price.” I can see it.”
Oh Myung-won, senior researcher at Jiji Auction, said, “Even if the 2·4 supply plan comes out, the timing of the actual supply is important, but it should be said that there is virtually no supply within this year. The competition rate was high even in the case of a court suspension due to the situation and reluctance to gather, but this trend is expected to continue for the time being.”
However, in the industry, as the real estate market has recently overheated, mainly in the apartment sale market, the auction market is also overheating.
Senior Researcher Oh Myung-won said, “As new demand inflows in the trading market, the auction market overheated, and the price competitiveness decreased somewhat.” But even within the land transaction permission zone, auction products are not subject to permission And the fact that the obligation to prove funds such as the fund raising plan is weaker than that of general trading can still be seen as an advantage of the auction.”
It is important to carefully check the future value of the property and the relationship of rights, and keep in mind that lending is not as easy as before. Auction items are also subject to the mortgage loan ratio (LTV), total debt service ratio (DTI), and total debt principal repayment ratio (DSR).
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