Home Business Jeju land price rises for the first time in three years… ‘Maximum rise’ since the third quarter of 2018

Jeju land price rises for the first time in three years… ‘Maximum rise’ since the third quarter of 2018

by news dir

Ministry of Land, Infrastructure and Transport-Korea Real Estate Agency, Jeju rose 0.91% in the third quarter… More than three times higher than the 0.23% in the second quarter

Land price change in the third quarter of 2021

Land prices in Jeju have risen for the first time in three years.

Jeju land prices showed negative growth for two consecutive years in 2019 and 2020, but rose 0.91% in the third quarter of 2021.

The Ministry of Land, Infrastructure and Transport and the Korea Real Estate Agency announced that the national land price rose 1.07% in the third quarter of this year, up 0.02%p from the second quarter of this year (1.05%) and 0.12%p from the third quarter of 2020 (0.95%).

The metropolitan area recorded 1.32% in Seoul, 1.13% in Gyeonggi and 1.12% in Incheon, up 1.23%, 0.6% higher than the national average (1.07%).

Provincial areas rose 0.82% on average, but Sejong 1.48%, Daejeon 1.13%, Daegu 1.12%, and Busan 1.09% were higher than the national average.

Jeju Island recorded the highest growth rate of 0.91% in three years following 1.81% in the third quarter of 2018.

The rate of increase in land prices in Jeju Island rose 4.99% in 2018, but fell to -1.77% in 2019 and -1.93% in 2020, falling over the past two years.

In the first quarter of this year, it increased by -0.01% and in the second quarter by 0.23%, and in the third quarter it rose by 0.91%, up 1.14% until the third quarter of this year.

Although land prices rose, land transaction volume decreased by -20.7%.

See also  Ants earning money from overseas stocks

Copyright holder © Jeju Voice of Korea is prohibited from unauthorized reproduction and redistribution.

Related Articles

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.