00:00before you sign anything in korea's property market the numbers just moved and not in one direction seoul's apartment price
00:07gains slowed for a third straight week gangnam's decline is widening and the han river belt is cooling too fewer
00:13buyers more listings something is shifting it's friday november sixth
00:18let's look at what's happening in korea's property market the latest weekly data from the korea real estate board shows
00:24seoul apartment prices rose just 0.07 percent last week that is down from 0.09 percent the week before
00:31and well below the 0.16 percent peak last october meanwhile gangnam goo and seochogu have now fallen for six
00:39straight weeks here's what the numbers show gangnam goo fell 0.39 percent seochogu dropped 0.37 percent
00:47and seongpa goo slipped 0.17 percent gangnam's decline is accelerating while mapo goo still rose 0.25 percent seoul
00:56apartment listings have reached nearly 80 000 while september trading volume fell 56 percent from may seongdong goo saw transactions
01:04drop 85.9 percent year on year jean's rents by contrast rose 0.17 percent outpacing the sale price gain
01:13tight rental supply is keeping pressure on the lease market
01:16yanggi province tells a different story so what does this mean for buyers weighing a purchase this year for buyers
01:21the window to negotiate is opening in gangnam but the rent to buy calculation is not simple tight rental supply
01:28means sellers have little reason to cut asking prices sharply in the lower priced residential zones the han river belt
01:34is losing momentum yet demand for affordable neighborhoods remains steady watch for shifts in listing volume and transaction counts
01:41before assuming a sustained downturn earlier we said sol's price gains were slowing across the board here's what that actually
01:47means for you slower gains do not automatically mean lower prices watch the listing data the transaction counts and the
01:54rent trend together before making a move what to watch listing volume transaction counts and the jionze rent trend over
02:02the coming weeks that's today's ai prism real estate this episode was produced
02:07with ai assistance based on seoul economic daily reporting ai prism is a juan ifra award-winning series we'll be
02:14back tomorrow