90,368 Housing Sales in April... 26.6% Increase Compared to Previous Year

Monthly Nationwide Housing Sales Volume (Data provided by the Ministry of Land, Infrastructure and Transport)

[Asia Economy Reporter Moon Jiwon] The total number of housing sales transactions in April was 93,068, which is an 8.9% decrease compared to the previous month (102,109 transactions) and a 26.6% increase compared to the same month last year (73,531 transactions), the Ministry of Land, Infrastructure and Transport announced on the 30th.

The annual April transaction volumes were 75,000 in 2017, 72,000 in 2018, 57,000 in 2019, and 74,000 last year.

The cumulative housing sales transactions up to April this year totaled 372,877, a 6.5% decrease compared to the same period last year (398,806 transactions).

The metropolitan area (45,012 transactions) saw an 8.8% decrease compared to the previous month but a 22.1% increase compared to the same month last year. The provinces (48,056 transactions) also decreased by 8.9% compared to the previous month but increased by 31.0% compared to the same month last year.

On a cumulative basis up to April, the metropolitan area (188,935 transactions) decreased by 15.6% compared to the same period last year, while the provinces (183,942 transactions) increased by 5.1%.

Apartments (59,232 transactions) decreased by 15.2% compared to the previous month and increased by 21.0% compared to the same month last year, while non-apartments (33,836 transactions) increased by 4.8% compared to the previous month and by 37.8% compared to the same month last year.

The total monthly rental and lease transactions in April were 186,560, which is a 15.0% decrease compared to the previous month (219,457 transactions) and a 9.6% increase compared to the same month last year (170,216 transactions).

The annual April transaction volumes were 134,000 in 2017, 154,000 in 2018, 162,000 in 2019, and 170,000 in 2020, showing an increasing trend each year.

The cumulative rental and lease transactions up to April totaled 784,711, which is a 2.2% increase compared to the same period last year (767,730 transactions) and a 65.3% increase compared to the five-year average (474,845 transactions).

By type, apartments (86,674 transactions) decreased by 10.6% compared to the previous month and increased by 6.2% compared to the same month last year, while non-apartments (99,886 transactions) decreased by 18.5% compared to the previous month and increased by 12.7% compared to the same month last year.

The jeonse (long-term lease) transactions were 106,876, and monthly rent transactions were 79,684, both showing a decrease compared to the previous month but an increase compared to the same month last year. The cumulative share of monthly rent transactions up to April was 42.2%, which is a 2.1 percentage point increase compared to the same month last year (40.1%).

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