According to the “October Auction Trends Report” released by GG Auction, a company specializing in forced and short sale data, the number of apartment auctions nationwide was 3,493 , up 19.1% compared to September.

This is the highest number of cases in three years and 11 months since the 3,593 cases in November 2020.

In particular, the number of auctions in the Seoul metropolitan area increased, with a large number of sales that could not overcome the interest burden due to high interest rates, and it was observed that sales have accumulated as regulatory purchases of loans have intensified.

The nationwide successful submission rate was 40.0 percent, up 3.3 percentage points from September, but the successful submission rate in Seoul fell 4.3 percentage points to 41 .3%.

However, if you look at the successful bid price rate, that is, the ratio of the successful bid price to the estimated price, it was 97.0% in Seoul, up 2, 7% compared to September.

This is the highest figure in two years and four months since 110.0% in June 2022, and appears to have increased the overall price rate of successful deals as demand has flocked to apartments in the Gangnam area .

In Gyeonggi Province, the winning bid rate was 48.7%, up 6.8%p from September, but the winning bid rate fell 2.2%p to 87, 4%.

Additionally, the successful bid rate in Incheon increased 2.2 percentage points from September to 36.2 percent, but the successful bid rate fell 2.3 percentage points to 79.8 percent.

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