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Despite Rebound in Seoul Apartment Prices, Older Buildings Remain Weak

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Sorry, please use a different browser. Closing Despite the rebound in apartment prices in Seoul… Buildings over 20 years old are weak.

Although apartment prices in Seoul, which have fallen since the end of last year, have rebounded recently, the prices of apartments built 20 years after completion appear to be weak.

According to the Korea Real Estate Board, the March sales price index for apartments built less than 20 years ago in the Seoul area rose, but for apartments over 20 years old, the index fell 0.08% compared to the previous month , continuing a downward trend. for four consecutive months.

Among flats older than 20 years, the decline in the north-east region, which includes the so-called ‘Roh, Provincial, and River’ areas, was the greatest at -0.13%.

Choi Jin-kyung (highjean@yna.co.kr)

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