82.5% of Nationwide Housing Transactions in February Were Apartments... Villas Hit Record Low

In February of this year, the proportion of apartments in the nationwide housing transaction market reached an all-time high. It is analyzed that the share of apartment transactions significantly increased as the government eased regulations on loans, taxes, and subscription through the 1·3 Real Estate Measures in January this year.

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On the 5th, Economic Manlab, a real estate information provider, reviewed the housing transaction volume from the Korea Real Estate Board and found that the nationwide housing transaction volume in February this year was 77,490 cases. Among these, apartment transactions accounted for 63,909 cases, making the apartment transaction share 82.5%. This is the highest monthly share since the Korea Real Estate Board began compiling related statistics in 2006.

The region with the highest proportion of apartments in the nationwide housing market was Sejong City. In February this year, out of 779 housing transactions in Sejong City, 763 were apartment transactions, confirming an apartment transaction share of 97.9%.

Next, in Daejeon, out of 3,462 housing transactions, 3,205 were apartment transactions, showing a share of 92.6%. Additionally, the shares were recorded as Ulsan 90.1%, Daegu 89.4%, Gyeongnam 89.2%, Gwangju 88.8%, Gyeonggi 84.2%, Seoul 82.5%, Chungnam 82.4%, Busan 81.8%, Incheon 78.9%, Chungbuk 77.1%, Gangwon 76.3%, Jeonbuk 74.1%, Jeonnam 72.8%, Gyeongbuk 70.7%, and Jeju 34.3%.

While the share of apartment transactions is increasing, the nationwide share of villa transactions recorded an all-time low. In February this year, the nationwide villa transaction volume was 7,021 cases, with a villa transaction share of 9.1%. This is the lowest monthly share since related statistics began being compiled.

Hwang Hansol, a research fellow at Economic Manlab, said, “Villas have lower liquidity and relatively less potential for price increases,” adding, “As regulations related to apartments have been eased, actual demanders are turning their attention to apartments.”

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