2. Land market continues to slow
60% less land changed hands in first 3 quarters

It’s not just new construction, the island’s land market is also anemic.

The province says 54,000 plots covering some 45 million square meters were sold in the first three quarters of the year. That’s 7.8 percent fewer plots and 15.9 percent less land compared to the same period in 2017.

Last month was particularly slow??compared to September 2017, the number of plots sold fell 34 percent to just 48-hundred, while the area of the land sold plummeted over 60 percent to 2.7 million square meters.

The provincial government says its policies restricting land division, enforcing agricultural use of farming land, and preventing land speculation are having their intended effect.

제주 토지거래량 감소세 이어져

제주도내 토지거래량이 계속 감소하고 있습니다.

제주특별자치도에 따르면 올들어 3분기까지 토지거래량은 5만 4천여필지에 4천 500만 제곱미터로 지난해 같은 기간에 비해 필지수로는 7.8%, 면적으로는 15.9% 줄었습니다.

특히 지난달 토지거래량은 4천 800여필지에 270만 제곱미터로 지난해 같은달에 비해 필지수로는 34%, 면적으로는 60% 이상 급감했습니다.

제주도는 분할 제한과 농지기능 관리강화, 투기행위 방지를 위한 각종 행정조치가 효과를 보는 것으로 분석했습니다.