[Photo] Housing Market 'Transaction Cliff' Quiet Real Estate

The 'transaction cliff' phenomenon in the housing market is intensifying due to the burden of soaring house prices and the impact of loan regulations by financial authorities. Although the full-scale autumn moving season began after Chuseok, the number of transactions is sharply declining as fewer people are willing to buy homes. The photo shows a quiet real estate agency in a densely populated apartment complex in Seoul on the 19th. / Reporter Kim Hyun-min kimhyun81@