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● Polarization Endgame?

Seoul and Gangnam Real Estate Changes and Prospects for Rising Housing Prices in Provinces

1. Analysis of Factors Adjusting Gangnam Land Prices and Housing Prices

Overall housing prices in Seoul are showing a pattern of rising and then falling, with only some areas declining.
In particular, core areas such as Gangnam-gu are likely to see an increase in supply as investors begin to put properties on the market.
In the past, the surge in Gangnam housing prices was due to a shortage of supply rather than demand.
Currently, price adjustments are expected as investors are increasingly moving to sell their holdings.
External variables such as interest rate hikes and increased uncertainty may also affect the decline in Gangnam housing prices.
In this process, transaction volume is expected to decrease and increased sales will drive price declines.
SEO Keywords: Economy, Real Estate, Investment, Market, Gangnam

2. Logic of Rising Housing Prices in Provinces and Trends in Real Demand

As provincial real estate becomes closer to its use value, interest from real demanders is expected to increase.
Demand for actual residence is likely to be more active in areas where prices have fallen.
In cities with job-based foundations such as Ulsan and Sejong, transaction recovery is possible along with real demand.
However, some areas with severe concerns about population decline may have limited rebound potential.
Government policies and changes in industrial structure have different impacts on each region, so you should pay close attention.

3. Importance of Distinguishing Between Transaction Volume, Investment, and Real Demand

In reality, the rise in housing prices in Gangnam is due to a shortage of supply due to reduced sales.
Real estate held for investment purposes is likely to be put on the market during periods of price adjustment.
If a real demander purchases for residential purposes, transactions will be relatively less frequent even if sales fall.
It is expected that price fluctuations will differ even within a single region due to various logics such as cascade effects.
Therefore, it is necessary to distinguish and approach the movements of investors and real demanders.

4. Impact of Economic Uncertainty and Policy Changes

External factors such as interest rate hikes and global economic instability may trigger short-term price fluctuations.
The government’s housing-related policies, such as measures to resolve unsold units, are expected to affect the overall market.
In the long term, the price difference between the Seoul metropolitan area and the provinces will be adjusted depending on the population structure and job expansion.
Since the market structure itself is structured in a pyramid shape, changes in transactions of high-priced apartments at the top can cause cascading effects throughout the entire market.

Summary

The Seoul Gangnam real estate market is expected to enter a period of adjustment due to increased supply and increased sales by investors.
While real estate in the provinces is recovering based on the use value-based real demand, the potential for rebound varies by region depending on population and employment issues.
Differential movements between investment and real demand, reduced transaction volume, and policy and economic uncertainty are expected to have a complex effect on the overall market.
SEO Keywords: Economy, Real Estate, Investment, Market, Gangnam

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