1. What communities are the housing prices rising?
First of all, it can be seen from this report that the rising residential areas are mainly concentrated in Gangnam District of Seoul, which has always been a rich area in Seoul, South Korea, and the house price itself is relatively high, so the increase this time is relatively large, mainly because the COVID-19 epidemic is being gradually solved. With the economic recovery, the property market is expected to improve gradually, which leads to the price increase of these communities.
Second, the relationship between supply and demand in the market.
First of all, we must have a clear understanding that South Korea is a developed country, and Gangnam-gu, Seoul is a place where the rich gather. The most important thing here is the rich, so there are still many people who want to buy a house here. Because of geographical restrictions, the supply has been in short supply. In this case, with the economic recovery, this phenomenon will continue to intensify. However, with the opening of the follow-up development plan here, I believe this situation will gradually ease.
Third, how do you view this rise?
Obviously, this rise is not only a symptom of economic recovery, but after a long period of sideways, some people want to sell their houses, so the real estate market is heating up. Under such circumstances, the house price here will reach 20. 1 10,000 square meters. After the rapid boom period, the price here will gradually return to rationality.