According to the statistics of the Korea Real Estate Agency on the 24th체스카지노, Sejong apartment prices, which had been falling, have been on the rise for 18 consecutive weeks from the third week of March. According to Jikbang, the first region in which house prices rebounded this year was Sejong City.
According to direct analysis data, the sale price of apartments in Sejong City increased by 93% in about two years from October 2019 to August 2021, when it peaked. In 2020, as complexes that exceeded 1 billion appeared one after another in the Sejong City apartment market, the word ‘house prices are crazy’ came out. The sale disappeared and the asking price continued to rise.
The price of apartments in Sejong, which had been on the rise, reached its peak in August 2021 and then turned to a downward trend. Most regions entered the bear market in the second half of 2022, but Sejong entered the decline earlier.
According to Jikbang, the decline in apartment prices in Sejong continued until February 2023. At the time of February 2023, the sale price was down 29% compared to the peak in August 2021.
Sejong, which was the first to enter a decline in house prices, has been increasing its transaction volume and rising transaction ratio as bottom loans have recently come out.
As of January 2023, 63% of all 191 trades were traded below the previous trade price. In February 2023, the total trading volume was 436, with the proportion of downtrends reduced from 63% to 51% and uptrends from 30% to 43%.
As transactions increased, the sales price of apartments in Sejong City in March increased by 0.8% compared to the previous month, turning into a positive rate of change. The proportion of transactions also increased, with the proportion of transactions increasing by more than half, and 224 (52%) out of a total of 432 transactions were traded at a higher price than the previous transaction.
Apartment prices in Sejong City maintained positive fluctuations from March to June. June rose 1.0%, slightly less volatile than May, but the share of rising transactions was 55%, the largest among monthly figures this year.
An official from Jikbang said, “Since the decline has been large, it seems that investment and actual demand quickly flowed in as the awareness of the low point spread, leading to an increase in transactions.”