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Recovering Housing Market in Metropolitan Area Slows Down: Homeowners and Buyers Play a Waiting Game

[앵커]

As housing prices are rapidly recovering, especially in the metropolitan area, transactions are actually slowing down.

A battle of wits is taking place between homeowners who expect house prices to recover further in the second half of this year and buyers who have already taken a wait-and-see approach as prices have already risen sharply.

This is reporter Hae-ri Yoon’s report.

[기자]

This is a representative apartment complex in Songpa-gu, Seoul.

An apartment with an exclusive area of ​​​​84㎡ fell to 1.9 billion won early this year, but was recently sold for 2.3 billion won.

Although it was close to 90% of the highest price two years ago, transaction inquiries stopped.

[공인중개사 : 가격이 너무 오르면 이제 오른 거에 대한 부담감은 있잖아요. 그런 부담감 때문에 (거래가) 조금 주춤거리지.]

The number of apartments sold in Songpa-gu, Seoul, where large complexes are concentrated, increased by 50% compared to the beginning of this year.

During the same period, when expanding the scope to the entire Seoul, the sales volume increased by more than 40%, exceeding 70,000 for the first time since related statistics were compiled.

As housing prices have recovered rapidly, especially in the metropolitan area, the number of people willing to sell has increased, but transaction volume is not keeping up with this.

In fact, apartment sales transactions in Seoul bottomed out early this year and recovered to around 3,800 last June, but have recently been decreasing again.

Housing prices, which had been rising for a while, also appear to be slowing down.

In the first week of September, apartment prices in Seoul rose 0.11% compared to the previous week, but the increase was only 0.2%p.

[고종완 / 한국자산관리연구원장 : 매도자는 비싼 가격에 집을 팔려고 하는 데 반해 매수자는 싼 가격에 살려고 하기 때문에 소위 호가 격차가 커지면서 거래가 잘 안 되고 가격도 주춤하는 위축 현상이 나타나고 있습니다.]

Experts analyzed that the rise in house prices may be limited for the time being as buyers are taking a wait-and-see attitude as asking prices rise rapidly after the rapid sale of properties is exhausted.

This is YTN’s Yoon Hae-ri.

Photographer: Kim Jeong-han
Graphics: Hong Myeong-hwa

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2023-09-13 14:35:00
#doesnt #sell #Wait #see.. #Sales #piling #transactions #dropping

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