The average sale price of villas in Gangbuk, Seoul exceeded 300 million won for the first time.
The median sale price of villas in Seoul also exceeded 20 million won per 3.3m² for the first time in July.
With the steep rise in villa prices, the burden of housing costs on low-income households is increasing.
The total transaction volume of villas also increased, exceeding that of apartments.
Considering that all villas in Seoul are only half the level of apartments, this is very unusual.
The price has risen enough to be called the villa’s heyday, and the number of transactions is also increasing.
Why are villas so popular? By August of this year, the number of donations of multi-family, row houses, single-family houses, and multi-family houses transacted nationwide exceeded 40,000, a record high.
13% of all villa sales are for gift purposes. What is the reason for the rapid increase in gift villa purchases?
A woman in her 30s living in Seoul made a profit of 250 million won in four years after purchasing the villa.
What is the reason for these young people in their 20s and 30s to actively purchase villas?
Experts emphasize that there are certain things to consider when choosing a villa.
They say that it is difficult to know the market price for a new villa, and you need to be careful about whether there are bubbles or rebates in the price.
In addition, it should be noted that new villas tend to have less land support and can be liquidated in cash.
It should be borne in mind that villas registered after June can only be liquidated in cash instead of occupancy rights as real estate regulations are tightened.
This week’s News Story will look at the status of villa sales, which have recently surpassed apartment transactions in the real estate market, and will focus on cautions when buying villas.