In July, 3,400 people in their 30s and 40s bought their first house compared to the previous month,
affected by special housing loans and housing price bottoms
“Upward trend in the metropolitan area due to reduced supply”
An analysis that last month, a large number of people in their 30s and 40s started to prepare their first home, leading to a reversal in house prices. this is coming out It is interpreted that the perception that the house price has formed a bottom along with the effect of the special housing loan has worked. Experts predict that house prices will continue to rise based on the fact that the interest rate hike has reached its end and the prospect of a decrease in future supply.
According to the Court Registration Information Plaza on the 30th, the number of first-time real estate (group building) buyers in July was 33,598, an increase of 3,478 compared to the previous month (30,120). Most of the increase was in the 30s and 40s. Last month, 14,620 people in their 30s and 8,876 people in their 40s bought their first home, an increase of 1640 and 1773, respectively, from a month ago (12,980 and 7103). The number of first-time home buyers in their 30s and 40s alone increased by 3,413 in a month.
By region, people in their 30s and 40s mostly bought houses in the metropolitan area, such as Seoul, Incheon, and Gyeonggi. In Seoul alone, 2,764 people in their 30s and 40s bought houses last month. This is an increase of 936 compared to the previous month (1828). Incheon increased by 1,185 in a month and Gyeonggi by 2,309.
Compared to other age groups, the buying trend of people in their 30s and 40s last month is more noticeable. The number of first-time home buyers in their 20s, who had maintained an upward trend, decreased slightly from the previous month (3829) to 3729 in July. The number of buyers over the age of 60 also decreased from the previous month (2245) to 2199. In the case of people in their 50s, 4145 people bought a house last month, a slight increase from a month ago (3933 people).
The market sees the buying trend of people in their 30s and 40s as the result of a combination of the special housing loan and the bottom house price. As of the end of July, the effective application amount for the special Bogeumjari Loan was 31,128.5 billion won. It is an analysis that the demand rushed before the limit (39 trillion won) was exhausted because the qualification standard was less than 900 million won in housing price and there was no income requirement먹튀검증. In addition, although the interest rate on mortgage loans is showing an upward trend, there is an opinion that the interest rate is set at 4% per year, and the purchase is focused on the age group who can bear the interest.
Park Hap-su, an adjunct professor at Konkuk University’s Graduate School of Real Estate, said, “Dual-income couples in their 30s and 40s started buying, mainly due to the perception that house prices have hit bottom and the effect of special housing loans.” The fact that the interest rate on mortgage loans formed in the early to mid-4% also had an impact.”
It is analyzed that the move to buy a house in the 30s and 40s had a great impact on the reversal of the rise in house prices. According to the statistics of the Korea Real Estate Agency, which is an official government statistics, the sales price of apartments nationwide in the third week of last month rose 0.02% from the previous week, turning upward in a year and two months. Experts predict that house prices will show an upward trend in the future thanks to the perception that Korea’s interest rate hike will soon end and the prospect of a decrease in supply.
Bae Se-ho, a researcher at Hi Investment & Securities, said, “In the long term, we expect an upward trend in housing prices in the metropolitan area.” .
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