A month has passed since the government announced its household debt measures on June 27, and there are signs of decreased transaction volume and a slowdown in price increases. However, the upward trend continues, with prices rising in all regions nationwide.
According to Real Estate R114, in the first week of August, the nationwide apartment transaction price rose by 0.27% compared to the previous week. The increase has expanded compared to last week's 0.03%. Seoul saw a rise of 0.44%, significantly expanding the increase compared to the previous week's 0.13%.
The Gyeonggi-Incheon area and the metropolitan area rose by 0.16% and 0.31%, respectively. The five major metropolitan cities rose by 0.11%, while other regions increased by 0.18%. All 17 cities and provinces nationwide saw increases. By region, the rises were led by ▲Sejong (0.59%) ▲Seoul (0.44%) ▲Ulsan (0.19%) ▲Gyeonggi (0.17%) ▲Busan (0.13%).
The nationwide apartment lease prices rose by 0.13%, expanding the increase compared to last week's 0.01%. Seoul saw an increase of 0.19% compared to the previous week's 0.03%, while the Gyeonggi-Incheon area and the metropolitan area rose by 0.12% and 0.15%, respectively, in line with Seoul. In the provinces, all five major metropolitan cities and other regions rose by 0.07%. Out of the 17 cities and provinces nationwide, 16 areas saw price increases, and one remained stable, showing a significant majority of rising areas.
Real Estate R114 noted, "After about a month has passed since the announcement of the June 27 measures, there are signs of decreased transaction volume and a slowdown in price increases in Seoul and the metropolitan area. However, since demand suppression measures through lending have side effects such as the balloon effect on monthly rents, it has become urgent to devise supply measures to stabilize the market in the medium to long term."
It added, "In terms of supply, rather than focusing on expanding new quantities, it is necessary to consider the existence of the 2.7 million units + α plan that encompasses new sites and idle land announced from the Moon Jae-in government to the Yoon Suk-yeol government, and to emphasize policy announcements that increase the execution of already announced policies (starting and completing projects), regardless of whether the development projects are public or private."