Eunpyeong District turned out to be the area with the most active change of hands for multifamily housing among Seoul's 25 districts. Jungnang District and Gangbuk District also have high transaction turnover.
Real estate platform Jippoom said on the 6th that an analysis of Supreme Court Registry Plaza collective building transaction turnover data found Eunpyeong District had the highest transaction turnover among Seoul districts last month at 0.72%. Transaction turnover is an indicator showing the ratio of the number of collective buildings transacted during a certain period to the total stock of collective buildings. The higher the figure, the more active the change of hands through sales in that area.
It was followed by Jungnang District at 0.65%; Gangbuk District and Gwangjin District at 0.47% each; and Dongdaemun District at 0.45%.
The area with the lowest transaction turnover was Geumcheon District at 0.24%. It was followed by Gangnam District (0.25%), Yangcheon District (0.26%), Seongdong District (0.27%), and Seocho District (0.28%). The gap between the highest, Eunpyeong District, and the lowest, Geumcheon District, was 0.48 percentage points. Geumcheon District fell by 0.20 percentage points, from 0.44% in June to 0.24%, and Seocho District also decreased by 0.12 percentage points, from 0.40% to 0.28%.
Compared with the previous month, 10 of Seoul's 25 districts saw transaction turnover rise, while 14 districts fell. Gangseo District was unchanged at 0.33%. The biggest increase was in Eunpyeong District at 0.16 percentage points (p), followed by Jongno District at 0.15%p, Gangbuk District at 0.12%p, Seongdong District at 0.08%p, and Yeongdeungpo District at 0.07%p. In contrast, Jungnang District fell by 0.43%p, from 1.08% to 0.65%; Geumcheon District fell by 0.20%p, from 0.44% to 0.24%; and Seocho District decreased by 0.12%p, from 0.40% to 0.28%.
A Jippoom official said, "While Eunpyeong, Jongno, and Gangbuk districts saw large increases from the previous month, Jungnang, Geumcheon, and Seocho districts declined, showing diverging trends by district."