View of Sejong City from Haemil-dong, Sejong▶ Click here for a larger view
In the first half of this year, it was found that the places where land prices rose the most were Sejong-si among metropolitan and provincial organizations, and Seongdong-gu in Seoul and Haeundae-gu in Busan among basic organizations in cities, counties and gu.
According to statistics released by the Ministry of Land, Infrastructure and Transport on the 25th, the national land price (land price) change rate and land transaction volume in the first half of 2022 increased by an average of 1.89% in the first half of this year.
This is 0.22 percentage points (p) lower than in the second half of last year (2.11%), and 0.13 percentage points lower than in the first half of last year (2.02%).
By region, land prices in all 17 cities and provinces rose, and Sejong ranked first with a rate of 2.55%. Next, Seoul (2.29%), Daejeon (2.04%), Gyeonggi (1.99%) and Busan (1.91%) showed the largest increase.
On the other hand, Gyeongbuk (1.10%) saw the lowest increase in land prices in the country, and Gyeongnam (1.10%) and Chungnam (1.29%) also fell below the national average increase rate (1.86%).
When divided into the metropolitan area including Seoul and the provinces, the increase in the metropolitan area was 2.12%, while the increase in the provinces was only 1.51%.
At the city/gun/gu level, Seongdong-gu in Seoul and Haeundae-gu in Busan recorded the highest increase rate at 2.94%.
The Seongsu Strategic Maintenance Area in Seongdong-gu as seen from Seongsu Bridge in Seoul▶ Click here for a larger view
In Seongdong-gu, the demand for investment is continuing as the commercial district is revitalized centering on Seongsu-dong.
Gyeonggi-do Hanam City (2.77%), which is adjacent to the 3rd new city (Gyosan district), and the early opening of the Seoul-Sejong Expressway overlapped with the quadruple such as Seoul Subway Line 4, Wolgot Pangyo Line, GTX-C Line, Indeokwon-Dongtan Line, etc. Dongan-gu, Anyang (2.77%), where demand for real estate investment near Gyeonggi Indeokwon Station, which has emerged as a station area, has increased, also recorded a high rate of increase.
In the first half of the 250 cities, counties, and districts, not one of the land prices fell.
By land use, commercial (2.03%), residential (2.02%), industrial (1.79%), planned management (1.69%), green space (1.73%), and agriculture (1.35%) showed the highest increase in the order of land use.
Apartments and high-rise buildings in Haeundae-gu, Busan▶ Click here for a larger view
In the first half of the year, land traded nationwide was about 1349,000 lots (986.1 km2), which was about 1.6 times the size of Seoul.
The trading volume decreased by 27.1% and 18.2%, respectively, compared to the first half of last year and the second half of last year.
The net transaction volume of land excluding the land attached to buildings was 535,000 lots (897.4㎢), which is 18.3% less than the same period last year.
While transaction volumes in all 17 cities and provinces decreased, Gwangju (-37.4%), Daegu (-19.9%), and Daejeon (-18.8%) showed the largest declines.
An official from the Ministry of Land, Infrastructure and Transport said, “From the second half of last year, the land market seems to have turned to wait-and-see due to the influence of interest rate rises and loan regulations.
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