Real estate transactions in Seoul have sharply dropped since the government announced stabilization measures for the housing market on September 13th.

An index on housing market trends issued by a local realtor measures the transaction volume at 35-hundred real estate brokerages.

A reading above 100 means robust trading and a figure below 100 points to the opposite.

The index climbed to 65-point-seven late last month, a 14-month high.

However, just a week since the government announcement, the index was 22 points for this past Monday, the lowest in two months.