Is now the time to buy a house?

Is now the time to buy a house?
Recently, the Seoul apartment sales price index has risen and transaction volume has also increased.
It appears that actual consumers are buying houses. Mainly people in their 30s take out loans to buy or change houses.
Will this upward trend continue or stop?
The main drivers for them to buy a house are expectations of easing real estate regulations and lower interest rates.
Demand is increasing as the loan burden is reduced due to the successive easing of real estate regulations by the Yoon Seok-yeol government and recent interest rate cuts.
This situation is very similar to the past.
Transaction volume and prices also rose in 2009 due to increased actual demand. At the time, government deregulation and interest rate cuts were the main causes.
However, experts believe that transaction volume is likely to decrease due to a decrease in actual demand because it is difficult for those who do not own a home or those in actual demand to continuously receive loans.
Unless speculative demand joins in, house prices are expected to fall along with an increase in listings.
It is expected that it will begin as early as the end of this year.
#Obtaining a home #Apartment price #Apartment price increase

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