New Year's real estate market forecast from big data

The 24 real estate countermeasures issued by the government have not shown much effect and are leading to the purchase of homeless people. There are mixed prospects as to whether the high-altitude march will continue last year or whether the government can bring about a reversal in the real estate measures to be put out in the new year. Let's hear the opinions of experts who forecast real estate with big data. Kim Ki-won appears in Datanow's representative studio. These days, big data, artificial intelligence, and this have become a trend, so I am interested. Big Data Analyzing with this, how did the market appear this year?

 

 

Analyzing the real estate market with big data is said to be a big data outlook to analyze and forecast the market with various data that can affect real estate, excluding all personal opinions and certain personal opinions.

 

In terms of people, personality data, ability data, and physical fitness data. Like this, even a person can split it into various types of data. Likewise in the real estate market, there are many factors that can affect the real estate market. There are data about people's income, unsold parts, tenants, and the home purchasing power index that shows how burdensome or not burdensome to buy a house with a loan. So, when analyzing with such a variety of data, it is confirmed that the real estate market in Seoul and major metropolitan areas is entering a fairly historically high-value range.

 

So if you look at this chart, how much apartment prices in Seoul are overvalued versus income, which is the actual data, mid-2008 was the highest, in the past. That was around 25.3. And when the lowest point was, it was 2014 and 2015. It was less than 22 at this time. In terms of income-related data, 2014-2015 was the cheapest time to buy a Seoul apartment compared to income. But now it is 31.2 by the end of 2020. So in 2008, the peak was 25.3, but now it has risen to 31.2. That's why I can tell you that now, compared to income, the most apartments in Seoul in history are in the high-value section.