February Local Housing Buyer Sentiment Far Exceeds Seoul Metropolitan Area
[Asia Economy Reporter Hwang Seoyul] It has been revealed that housing purchase sentiment in local areas is performing better compared to the Seoul metropolitan area. This is interpreted as a balloon effect caused by real estate regulations in the metropolitan area.
According to an analysis of the ‘KB Real Estate Live On’ statistical data by real estate research firm Realtoday on the 4th, as of February, the purchase dominance index in local cities excluding the metropolitan area and major metropolitan cities (hereafter referred to as other local areas) recorded 61.5, higher than the national average of 50.1. In particular, the metropolitan area scored 48.8 and the five major metropolitan cities scored 40.4, showing a difference of more than 20 points in some cases, indicating that other local areas are performing well in the real estate market.
Among the 17 cities and provinces nationwide, other local areas mostly occupied high rankings. The purchase dominance index rankings from 1st to 6th place were all taken by other local areas. Gangwon-do was the highest at 93.8, followed by ▲Chungbuk (81.7) ▲Chungnam (72.5) ▲Jeju (69.6) ▲Jeonbuk (64.5) ▲Gyeongnam (63.7).
Other local areas also showed higher apartment price growth rates compared to other regions. The apartment price growth rate in other local areas at the end of last year recorded 5.22%. Meanwhile, prices in the metropolitan area and the five major metropolitan cities rose by 2.90% and 3.16% respectively during the same period.
Hot Picks Today
If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- "While Others Rest, Nearly 3 Million May Work Substitute Public Holidays Without Extra Pay"
- "Better Than the Lottery": Reporting Collusion Could Earn Hundreds of Billions... KFTC Announces Administrative Notice to Abolish Whistleblower Reward Cap
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
A Realtoday official said, "The metropolitan area and major metropolitan cities are experiencing a temporary pause in the real estate market due to fatigue from rapid housing price increases over a short period," adding, "Most other local areas enjoy the balloon effect as housing prices are low and real estate regulations are relatively less strict."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
!['WHO Declares International Public Health Emergency' Why the Untreatable 'Variant Ebola' Is More Deadly Than COVID-19 [Reading Science]](https://cwcontent.asiae.co.kr/asiaresize/307/2026052110164072055_1779326201.png)
