As the Seoul Metropolitan Area Housing Market Revives... Housing Business Sentiment Index Hits Highest Point This Year
As the subscription market in the Seoul metropolitan area recovers, the housing business outlook index for July recorded the highest level this year.
According to the Korea Research Institute for Human Settlements on the 18th, the nationwide housing business outlook index for July rose by 10.3 points from the previous month to 83.6.
In particular, the metropolitan area showed a significant increase of 21.1 points (79.7→100.8) compared to the previous month. A representative from the institute explained, "In the metropolitan area, especially centered on Seoul, the recovery of the subscription market and the increase in housing sales volume have led to a partial market recovery, resulting in a more positive perception of the housing business."
In the provinces, the index rose by 8 points (83.6→91.6) compared to the previous month. Except for Gyeongnam (-0.5 points), Jeju (-4.8 points), and Sejong (-7.7 points), the index either remained the same or showed an upward trend. Among the provinces, Gwangju recorded the highest index with a 15.8-point increase (90→105.8), followed by Gangwon, which rose by 30 points (70→100).
The financing index for July also increased by 12.9 points from 70.7 in the previous month to 83.6. A representative from the institute stated, "This reflects the trend of the financing index rising along with the interest rate freeze and the previously stagnant financing conditions."
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However, since the financing index is still in the 80s, it is not yet at a positive stage. The institute's representative added, "Due to the sharp rise in delinquency rates at Saemaeul Geumgo, signs of instability in mutual finance sectors such as some defaults, and recent tightening in interest rates and the PF market showing a resurgence, it is necessary to observe further whether actual financing facilitation will be smooth."
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