Seoul trade forecast index rises for the third month… Increasing rate of increase in house prices

Input 2021.01.31 15:53

The forecast that the house price will rise has been further strengthened in the new year. The home sales price in Seoul rose 1.27% in January, more than the previous year (1.24%).-

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According to the monthly housing price trend of KB Real Estate Liveon on the 31st, the forecast index of real estate sales price in Seoul in January was 127, higher than the previous year (124). The trading price forecast index ranges from 0 to 200, which means that the forecast that house prices rise as the index exceeds 100 is dominant. By region, Seoul (127), Gyeonggi (127), and Gangwon (126) had the highest sales price forecasts, and Jeollanam-do (101) had the lowest, but this also exceeded 100, leading to an uptrend.

The nationwide trading price forecast index recorded more than 120 for the last three months in a row (122→125→120), which has crossed the 120 line in about six years since March 2015 (121), and is marching high.

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In January, home sales in Seoul rose 1.27% from the previous month. Yangcheon-gu (3.18%), Nowon-gu (2.19%), Dongdaemun-gu (1.75%), and Gwanak-gu (1.67%) showed high growth rates. Apartments increased by 1.60%, detached houses by 0.68%, and row houses by 0.91%.

The capital area (1.40%) also increased from the previous month (1.29%). Gyeonggi and Incheon rose 1.72% and 0.66%, respectively. Five metropolitan cities (1.09%) also showed an increase, followed by a high increase in Ulsan (1.66%), Daegu (1.31%), Daejeon (1.01%), and Busan (1.00%). Other provinces (0.74%) also continued to rise.

The nationwide housing leased price rose 0.83%, reducing the increase from the previous year (1.10%). Seoul (1.50%→1.21%), the metropolitan area (1.32%→1.05%), and five metropolitan cities (1.11%→0.57%) saw their increase in decline, while other regions (0.52%→0.55%) expanded their increase.

In Seoul, there were high rates of increase in rental prices in Yangcheon-gu (3.55%), Gwanak-gu (1.98%), Nowon-gu (1.68%), Songpa-gu (1.52%), and Seongbuk-gu (1.45%). In the metropolitan area, Yongin Suji-gu (2.45%), Suwon Jangan-gu (2.16%), Goyang Ilsanseo-gu (1.80%), and Siheung (1.75%) rose higher.

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