This Year's Real Estate Market Variable is 'Loan Regulations'... Promising Areas are 'Mayongseong'

Survey on This Year's Real Estate Market Conducted with 1,796 Zigbang Users

[Asia Economy Reporter Onyu Lim] A survey revealed that the biggest variable affecting the domestic real estate market this year is 'loan regulations.'

According to a survey conducted by real estate information provider Zigbang from the 11th to the 25th of last month with 1,796 users, the factor expected to have the greatest impact on the domestic real estate market in 2021 was loan regulations (18.4%).

Following that were 'economic conditions due to COVID-19' (15.8%), supply policies and supply volume (13.3%), strengthened tax policies (12.0%), liquidity due to low interest rates (11.9%), and buyer anxiety (10.3%).

The regions forecasted to be the most promising for real estate purchases this year were Mapo, Yongsan, and Seongdong (15.5%), followed by Gangnam, Seocho, Songpa, and Gangdong (15.3%), Hanam and Namyangju (11.1%), Suwon, Yongin, and Seongnam (10.2%), and Goyang, Paju, and Gimpo (10.1%).

The reasons for selecting these promising purchase areas were transportation benefits (32.9%), price-leading regions (17.8%), redevelopment and reconstruction development benefits (15.9%), undervalued areas (13.0%), and large-scale branded complex areas (9.1%), in that order.

Regarding personal hopes in the real estate market, the most common responses were trading up to better conditions than the current home owned (26.7%), moving from renting to owning a home (24.6%), winning a housing lottery (18.1%), increasing asset value through owned real estate (15.2%), and moving to better rental conditions than the current residence (9.6%).

As for hopes for the domestic real estate market, the most frequent response was price stabilization (34.7%). This was followed by the release of abundant properties available for transaction (11.2%), a shift in perception from investment to residence (10.8%), and the implementation of policies for ordinary citizens (9.2%).

This content was produced with the assistance of AI translation services.