“After the implementation of the June 27 loan regulations, the housing purchase sentiment in Seoul, which had sharply declined, is showing signs of recovery, according to a survey result.”
“The Korea Research Institute for Human Settlements revealed the results of the ‘August Real Estate Market Consumer Sentiment Survey’ today, stating that last month’s consumer sentiment index in the Seoul housing market rose by 5.1 points from the previous month to 122.7, maintaining its upward trend.”
“The consumer sentiment in the Seoul housing market, which recorded its highest level in about five years at 150.3 in June, sharply fell to 117.3 after the implementation of the loan regulations but has started to rise again.”
“In the metropolitan area, the housing market consumer sentiment rose by 3.3 points to 114.7 compared to the previous month, while in non-metropolitan areas, it decreased by 1.8 points to 107.3. Nationwide, it rose by 0.9 points to 111.4 compared to the previous month.”
“The real estate market consumer sentiment index is classified as a downward trend if it is below 95, a stable trend between 95 and 115, and an upward trend above 115.”