SEOUL HOUSING PRICES DECLINE… BUYER’S MARKET TAKES SHAPE
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작성자 윤정수 기자
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작성일2026-02-24 19:33:35
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SEOUL HOUSING PRICES DECLINE… BUYER’S MARKET TAKES SHAPE
Seoul’s real estate market is showing clear signs of cooling. Expectations of further price increases are weakening, and a buyer-dominant market structure is beginning to form.
The Bank of Korea’s housing price outlook index has dropped sharply, reflecting a significant decline in the number of consumers who expect home prices to rise. Market sentiment has shifted quickly amid signals of tighter tax policies and strengthened loan regulations for multiple homeowners.
Across several districts in Seoul, transactions are now being completed at prices 10 to 20 percent below previous peak levels. In some cases, even steeper discounts are appearing as sellers rush to list properties due to rising holding costs and tax burdens.
Real estate agents report that many homeowners are lowering asking prices to attract buyers, while prospective buyers are adopting a wait-and-see approach, anticipating further declines. Even in traditionally strong demand areas such as Gangnam, hesitation among buyers is increasing.
Experts say the sustainability of this downward trend will depend on future supply conditions, financial market stability, and the consistency of government housing policies.
#RealEstate
#SeoulHousing
#HousingMarket
#BuyerMarket
#HomePriceDecline
#BankOfKorea
#PropertyOutlook
#KoreaEconomy
Seoul’s real estate market is showing clear signs of cooling. Expectations of further price increases are weakening, and a buyer-dominant market structure is beginning to form.
The Bank of Korea’s housing price outlook index has dropped sharply, reflecting a significant decline in the number of consumers who expect home prices to rise. Market sentiment has shifted quickly amid signals of tighter tax policies and strengthened loan regulations for multiple homeowners.
Across several districts in Seoul, transactions are now being completed at prices 10 to 20 percent below previous peak levels. In some cases, even steeper discounts are appearing as sellers rush to list properties due to rising holding costs and tax burdens.
Real estate agents report that many homeowners are lowering asking prices to attract buyers, while prospective buyers are adopting a wait-and-see approach, anticipating further declines. Even in traditionally strong demand areas such as Gangnam, hesitation among buyers is increasing.
Experts say the sustainability of this downward trend will depend on future supply conditions, financial market stability, and the consistency of government housing policies.
#RealEstate
#SeoulHousing
#HousingMarket
#BuyerMarket
#HomePriceDecline
#BankOfKorea
#PropertyOutlook
#KoreaEconomy
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