According to the weekly apartment price trend of the Korea Real Estate Agency on the 28th, as of the 25th, apartment sales prices in the metropolitan area rose 0.28% for one week, and the increase was smaller than the previous week (0.30%). It climbed to 0.40%, the highest level since statistics were compiled in early September, and has decreased for the past six weeks.
Apartment sales prices in Seoul also rose 0.16% this week, a smaller increase from the previous week (0.17%). After rising to 0.22% in the fourth week of August, it remained flat or declined for the ninth week, showing a decreasing trend.
An official from the Korea Real Estate Agency explained, “Ahead of the announcement of measures to strengthen household debt management, trading activity and purchasing power contracted, and the increase in most areas of Seoul narrowed.”
In fact, in Seoul, the increase in 17 out of 25 autonomous districts decreased. Gwangjin-gu (0.06→0.05%), Gangbuk-gu (0.07→0.07%), Dongdaemun-gu (0.08→0.07%), and Jungnang-gu (0.07→0.07%) showed the lowest increase rates. Nowon-gu, which has shown a steep upward trend in the meantime, also saw a sharp decrease in the increase from 0.20% last week to 0.15% this week.
Gangnam District 3, where high-priced apartments are concentrated, also decreased slightly compared to last week. Gangnam-gu decreased from 0.24% to 0.23%, Seocho-gu decreased from 0.23% to 0.21%, and Songpa-gu decreased from 0.25% to 0.23%.
Gyeonggi (0.35 → 0.33%) and Incheon (0.40 → 0.38%) regions, which had a larger increase than Seoul due to good traffic such as the metropolitan express train (GTX), are also slowing down.
In Gyeonggi-do, Osan-si (0.69→0.57%) and Anseong-si (0.57→0.49%), which have low-priced perceptions, showed relatively high rates of increase, but the rate of increase decreased compared to the previous week. In Gimpo City (0.40 → 0.46%), the increase was rather wide.
On the other hand, the increase in provinces (0.20 → 0.21%) increased compared to the previous week. The 8 provinces (0.23→0.24%), Busan (0.23→0.25%), Daegu (0.28→0.29%), and Gwangju (0.28→0.29%) showed a wider increase.
Jeonse prices for apartments were similar to last week. The metropolitan area (0.21 → 0.21%), Seoul (0.13 → 0.13%), and regional (0.15 → 0.15%) all maintained the same increase as last week.
An official from the Real Estate Agency said, “Seoul jeonse prices rose mainly in school districts or mid-to-low priced areas, but some complexes maintained the same increase as last week as sales were backlogged due to high jeonse burden and loan restrictions, etc.
