Although jeonse demand is recovering in the second half of the year, there are many areas in the metropolitan area that are still showing a downward trend. Yangju, Gyeonggi Province, where occupancy is pouring in, is a representative example. The rent for a new apartment with 3 rooms and 2 bathrooms with an exclusive area of 84 m2 is only around 200 million won. Bupyeong-gu in Incheon, Dongducheon in Gyeonggi-do, and Uijeongbu have also seen rental prices fall by more than 10% this year, but the decline continues.
Experts advised that, as the fall moving season approaches, newlyweds and young people with limited financial resources should aim for areas in the metropolitan area where there is a lot of housing available and rental prices are low.
○Yangju down 22% this year
According to the Korea Real Estate Board on the 12th, the metropolitan area where apartment rental prices showed a negative rate of change last week were Pocheon, Gyeonggi Province ( -0.12 %), Icheon ( -0.11 %), Uijeongbu ( -0.09 %), Dongducheon ( -0.08 %), and Yangju ( -0.03% ). %), Dong-gu, Incheon ( -0.02 %), and Gyeyang-gu ( -0.01 %).
This is a trend that contrasts with the strengthening of rental prices nationwide, driven by demand during the fall moving season and the government’s policy to return rental deposits. Seoul apartment rental prices rose 0.17% last week, rising for 16 consecutive weeks. Following the metropolitan area, local areas also rose by 0.01% last week. This is the first upward turn in 1 year and 4 months since May of last year.
It is analyzed that the northwest area of the metropolitan area is continuing to see a weak jeonse market due to the development of large-scale residential lots. In Yangju, where Okjeong City is located, rent prices have been falling for 76 weeks since March of last year. It has fallen 22.28% on a cumulative basis this year.
‘Yangju Okjeong City Cheil Punggyeongchae Lake City Complex 1’, which has been occupied since last May, has 4 rooms and 5 system air conditioners, and the exclusive rental price of 84㎡ is around 250 million won. The exclusive 84㎡ 3-bedroom unit of ‘Yangju Okjeong City Hanshin The Hue’, which started housewarming last April , is listed for rent for 220 to 300 million won .
Bupyeong-gu, Incheon, where rental prices have fallen by 13.26% this year, is also continuing to decline due to the burden of move-in volume. The exclusive 84㎡ lease for ‘e-Pyeonhansesang Bupyeong Grand Hills’ (5,050 households), which will begin moving in next month , is around 250 to 350 million won. ‘Bupyeong Castle & The Shop First’ (1,623 households), which is scheduled to be completed in November, can also be rented for an exclusive 84㎡ house for the low to mid 300 million won range.
A 79㎡ dedicated space for ‘Gosansujain DS Art Foret’ in Uijeongbu, which was completed this year, was recently signed for lease for 270 million won. At the beginning of this year, the price fell to the low 200 million won range, but as the quantity has recently decreased, there are still items for lease worth around 300 million won.
○High number of move-ins in the second half of the year, including Hwaseong and SeongnamThe advice is that actual consumers planning to move in the second half of this year토토사이트 need to pay attention to areas with a high number of occupancy. This is because in areas with a large number of occupancies, not only new apartments but also rental prices for existing apartments nearby are continuously weakening.
According to real estate R114 , the total number of households moving into the metropolitan area in the fourth quarter was about 95,000. The number of households scheduled to move into Seoul is 18,361. Gyeonggi and Incheon have 56,407 households and 20,243 households, respectively.
In Seoul, Gangnam-gu has the largest number of households moving in, at 7,811. Hwaseong, Gyeonggi Province (7,441 households), Bupyeong-gu (7,111 households) and Seo-gu, Incheon (6,757 households), and Seongnam, Gyeonggi Province (5,230 households) are expected to be busy with housewarming in the second half of the year.
In the first half of next year, the number of households moving into Seoul will decrease to 4,659 households. On the other hand, large-scale occupancy continues in Gyeonggi (57,873 households) and Incheon (15,226 households). In Yangju, 8,032 households will go for housewarming in the first half of next year, following 3,559 households in the second half of the year. In the first half of next year, move-in sites will be opened in Paju (6,701 households) and Yeonsu-gu, Incheon (4,034 households).
Yeo Kyeong-hee, a senior researcher at Real Estate R114 , said, “In areas where occupancy continues until the first half of next year, the amount of adjustment in rent prices may increase due to demand for conversion from existing apartments to new ones.” She added, “Lease items can be released as early as six months before move-in.”
She continued by saying, “If you leave the complex, area, and price range you want in advance with a nearby real estate agent, you can quickly find a house for rent.”