00:00before you sign anything in korea's property market the numbers just changed listings in seoul's major apartment complexes have more
00:07than doubled in a single year here's why that matters to you it's monday november 2nd let's look at what's
00:13happening in korea's property market seoul's large apartment complexes have seen listings more than double over the past year
00:19a tax reform plan announced in august pushed owners of high-priced homes to sell ahead of the next property
00:25tax deadline at the same time tighter lending rules have kept buyers on the sidelines here's what the numbers show
00:31listings across the top 50 seoul complexes reached 12 808 units up 125.2 percent from a year earlier gangnam's
00:40three districts recorded an 82.5 percent rise well above the citywide increase in jamzill the jamzill else complex saw
00:48listings jump
00:49542.9 percent to 450 units meanwhile outer districts like yungnunggu fell 39.2 percent as mid-priced units sold
00:59through amid tight rental supply the result is a sharp split between expensive and affordable neighborhoods so what does this
01:05mean for buyers weighing a purchase this year for those with budgets under the lending caps outer seoul still offers
01:11relatively less competition for owners of high-priced homes the tax clock is now the main driver earlier we said
01:18that the listing surge
01:19reflects tax pressure not a market crash here's what that actually means for you buyers may gain negotiating room in
01:26premium areas but the lending limits still keep most of them waiting what to watch november subscription calendar lists around
01:334 900 units nationwide that's today's ai prism real estate this episode was produced with ai assistance based on seoul
01:41economic daily reporting ai prism is a juan ifra award-winning series we'll be back tomorrow
01:49so
