In the first quarter of this year (January to March), the share of apartment purchases by foreigners nationwide reached a record high.
According to the result of analyzing the volume of apartment purchases by residence at the Korea Real Estate Agency by Economic Man Lab, a real estate information provider on the 6th, the share of apartments purchased by residents of other regions in the first quarter was 27.3%, the most since 2006 when related statistics were written. It was high.
It has also increased for 3 consecutive years following 20.6% in 2019 and 24.1% last year.
By city and province, six places, including Incheon (36.7%), Chungbuk (33.4%), Gyeonggi (28.6%), Jeonbuk (25.9%), Jeju (25.4%), and Busan (16.9%), recorded all-time highs.
Hwang Han-sol, a research researcher at Economic Man Lab, analyzed that “the increase in the proportion of foreigners’ investment is due to the high liquidity caused by low interest rates and the anticipation of rising housing prices.”
According to statistics from the Real Estate Agency, a government-approved market price survey agency, apartment prices nationwide rose 10.31% in April this year compared to April last year.
According to statistics from KB Kookmin Bank, a private market research firm, the median price of apartments nationwide was 36727 million won in April last year, but it was 475.74 million won in April of this year, 111.8 million won in one year ( 29.9%) ran.
[ⓒ 세계일보 & Segye.com, 무단전재 및 재배포 금지]
Source: 경제 by www.segye.com.
*The article has been translated based on the content of 경제 by www.segye.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!