[Real Estate] Seoul Apartments Show Clear Upward Trend

*This content was translated by AI.

The upward trend of Seoul apartments is clear.

According to data from Real Estate 114, national apartment transaction prices rose by 0.25% in the third week of June. Seoul jumped 0.29%, while Gyeonggi and Incheon rose 0.26%, leading to an analysis that the metropolitan area increased by 0.27%.

In non-metropolitan areas, the five major metropolitan cities recorded a 0.09% rise, and other local areas recorded 0.13%. Based on the 17th provinces and cities nationwide, 16 areas saw increases and one area saw a decrease, indicating a clear upward trend. Regionally, only Chungcheongnam-do fell by 0.01%.

National apartment rental prices also rose by 0.26%. Seoul increased by 0.32%, and Gyeonggi and Incheon rose by 0.29%, leading to an upward adjustment of the metropolitan area to 0.31%. The rental price volatility rate for Seoul apartments reached 0.32%, marking the highest weekly increase rate over the past year.

A real estate official who spoke with this newspaper by phone stated, "If additional regulations on rental loans are strengthened to stabilize rental prices in the future, some rental demand may shift to reverse rentals or pure monthly rental markets, which could further increase upward pressure on monthly rental prices."

Meanwhile, there are also opinions that recent real estate data do not reflect reality. Real estate consultant A, currently active, said, "It is still difficult to clearly state a trend. Phenomena where buyers have not appeared for Gangnam apartments are being observed in various places," and added, "It is time to watch the movements of the real estate market."

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*This content was translated by AI.