🏠 Recent trends in the real estate market: Real estate disposal by young people

Number of apartment auctions nationwide increases

• Highest since November 2020
• 2,629 apartment auctions nationwide as of October 2022
• Previous Record High of 3593 Cases in November 2020

What’s unique about the Seoul area

• Increase in the number of auctions
• The number of apartments auctioned in Seoul is 238 and the highest monthly since 291 in May 2016
• Successful bid rate falls 26.5% and falls to 20% for the first time in four months
• Successful bid price rate up 86.7% and slightly higher than the previous month

Key examples of rising successful bid price rates

• Yeouido, Leading the rise in the successful bid price rate of reconstruction apartments in Apgujeong Land Transaction Permit Zone
• The appraised price of Miseong Apartment in Apgujeong-dong is 3.3 billion won, the successful bid price is 3.479 billion won, and the successful bid price rate is 105.5%

a market outlook

• Intensifying the phenomenon of covering jade and stone A low-preference complex is traded for a bid, and a high-demand complex is traded above the appraised price
• Real estate market wait-and-see attitude game expected to continue

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