Gyeongsil-ryeon, Seoul apartment prices rise in three years of current government, 4.5 times that of previous government

A civic group survey found that the average increase in apartment prices in Seoul over the three years since the current government’s inauguration is 4.5 times the increase over the previous government’s nine years.

The Citizens’ Federation for Economic Justice and Practicing held a press conference and said: “The prices of the three-year (2017-2020) Moon Jae-in government apartments in Seoul averaged 26.25 million won versus 41 , 5 million won for pyeong.
It was 153.1 million won (58%), “he said,” 4.5 times the 3.44 million won increase, which is the 9-year increase in the governments of Lee Myung-bak and Park. Geun-hye “.

In the case of Gangnam District 3, the average increase in apartment prices over the three years of the current government was 26.25 million won per pyeong, which is 4.4 times greater than the 5.97 million increase. won in the previous nine years.

The market price of Bigangnam apartments also increased by an average of 11,201 million won per pyeong in the three years of the current government, which is 6.7 times higher than 1.8 million won in the previous nine years.

The official price also increased by 10.2 million won from an average of 17.4 million won per pyeong per pyeong in the previous nine years of government to 14.42 million won, but the three years of the current government are increased by 11.38 million won, Gyeongsilyeon pointed out.

Based on this analysis, Kyungshilyeon said: “The current government’s claim that Seoul’s apartment price increase rate of 14% and public price increase of 39% is fabricated.”

He pointed out: “As a result of applying 14% of the government’s announced price increase rate to the market price in 2017, the rate reflecting the quoted price in 2020 was 99.6%, so the statistics government real estate do not match. “

The reflection rate of the quoted price announced by the Ministry of the Territory, Infrastructure and Transport is 69%.

Gyeongsilryeon examines the price of apartments and land for 63,000 households in 22 complexes, including 5 apartment complexes in 3 Gangnam districts, such as Gangnam, Seocho and Songpa, 17 apartment complexes in Bigangnam, and property price information from kB Kookmin Bank . They explained that the period was analyzed by dividing the period by regime by comparing it with the published price announced by the government.