After 6 months, the proportion of apartment transactions by people in their 40s has once again surpassed that of those in their 30s. This is attributed to the impact of financial authorities' loan regulations.
According to the apartment sales transaction status by buyer age group announced by the Korea Real Estate Board on the 3rd, the proportion of transactions by people in their 40s nationwide in September was 26.9%, the highest among all age groups.
The proportion of transactions by people in their 40s being higher than those in their 30s is the first time in 6 months since March this year (26.2%). Until August, the transaction proportion of people in their 30s was 27.8%, higher than that of people in their 40s (26.9%), but in September, the proportion of transactions by people in their 40s (26.6%) again surpassed that of those in their 30s.
This is because from September, the second stage of the Debt Service Ratio (DSR) was implemented, and commercial banks raised interest rates on mortgage loans and jeonse deposit loans while restricting loans for homeowners, tightening the money supply. As a result, those in their 30s, who are relatively more dependent on loans, appear to have been more affected.
The nationwide apartment transaction volume (based on reporting date) decreased from 54,732 cases in July this year to 47,916 in August, and further dropped below 40,000 to 39,362 in September.
In the Seoul apartment sales market, since July, the transaction proportion of people in their 40s (33.2%) has been higher than that of those in their 30s (31.5%), and in September, the gap between people in their 30s (30.3%) and 40s (33.1%) widened further.
The proportion of apartment transactions by people in their 30s in Seoul in September was the lowest in 10 months since November 2023 (29.3%). In comparison, the nationwide proportion of transactions by people in their 50s was 21.4%, and those in their 60s was 14.2% in September, both increasing from the previous month (21.0% and 13.4%, respectively).
Also, the proportion of transactions by those aged 20 and under, who often benefit from the 'parent chance,' accounted for 3.6% nationwide, the highest since February this year (3.7%).
As transactions decreased due to loan regulations and other factors, speculative investment also declined. In September, the proportion of apartment purchases by Seoul residents outside Seoul was 5.4%, down from 6.1% in August, and the proportion of purchases of Seoul apartments by outsiders, including those from other regions, also slightly decreased to 22.8% from 22.9% the previous month.
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