Apartment prices in all 17 cities and provinces nationwide increased, continuing the upward trend in national apartment prices.
According to Real Estate R114 on the 13th, the national apartment sales price in the second week of this month rose by 0.17% compared to the previous week.
Seoul led the rise in metropolitan prices with a 0.22% increase, followed by the metropolitan area at 0.19%. The Gyeonggi and Incheon regions rose by 0.15%, while the five major cities increased by 0.12%, and other areas showed a 0.10% rise, indicating a consistent upward trend. Based on all 17 cities and provinces nationwide, all regions experienced an increase.
The regions with relatively large increases were Seoul (0.22%), Jeju (0.21%), Gyeonggi (0.17%), and Daejeon (0.15%), in that order.
The national apartment rental prices rose by 0.06%. Seoul recorded a 0.09% increase, while the metropolitan area recorded a 0.07%, showing no significant differences. Key regions excluding Seoul, such as Gyeonggi and Incheon (0.05%), the five major cities (0.03%), and other areas (0.01%), also showed a gradual upward trend. Among the 17 cities and provinces nationwide, there were 10 areas with increases, 2 unchanged, and 5 decreased, showing a predominance of rising regions.
Real Estate R114 noted, "Expectations for the resolution of uncertainties following the new government's launch are being fully reflected in the real estate market, and movements to stimulate the recession are increasingly confirmed, strengthening the upward trend in major regions, including Seoul." They added that "wealthy demand groups perceive high-priced areas with strong residential preferences as safe assets, and as resilience against the effects of regulated areas (speculation hot zones, land transaction permission zones, etc.) has increased, there are also movements to purchase proactively before being newly added as regulated areas in Mapo, Seongdong, and Gwacheon."
They also added, "The rental market shows relatively stable price movements compared to the sales market, which is interpreted as a result of some demand for monthly rental leases shifting to the sales market."