[real estate] Turnaround time? You have to watch!

*This content was translated by AI.

Although apartment sales prices across the country are on the rise, there are also strong opinions that they are sparkling.

Apartment sales prices nationwide rose 0.22% in the first week of February from the previous week, according to real estate R114 data. Seoul jumped 0.28%, and Gyeonggi and Incheon also rose 0.20%, with the Seoul metropolitan area rising 0.25%. In the non-metropolitan area, the five major cities rose 0.14% and other regions rose 0.09%.

While the upward trend was noticeable across 17 cities and provinces nationwide, individual regions were Seoul (0.28 percent), Gyeonggi Province (0.22 percent), Busan (0.17 percent), Sejong (0.15 percent), and Daegu (0.15 percent). The monthly national rate of change stood at 0.54 percent in January. Seoul rose 0.81 percent, the highest pressure to increase sales prices among all cities and provinces, and Sejong City (0.11 percent) expanded from the previous month (0.02 percent) as the schedule for the construction of the presidential office and the National Assembly building became visible.

Jeonse prices of apartments nationwide rose 0.15%. Seoul recorded 0.16% change, the metropolitan area 0.18%, Gyeonggi and Incheon 0.20%, the five metropolitan cities 0.09%, and other regions 0.05%.

All 17 cities across the country also rose, followed by Gyeonggi (0.21%), Jeju (0.17%), Seoul (0.16%), Incheon (0.15%), and Daegu (0.12%).

The battle between government authorities and participants in the real estate market is intensifying. While the government reiterated its plan to end the suspension of the transfer income tax on multiple homeowners on May 9, apartment sales have increased by around 10% in Seongdong-gu and Songpa-gu, Seoul, and 8% in Gwacheon and Bundang in Seongnam in the past week.

Real estate officials who spoke with this newspaper on the phone said, "It is believed that the volume of transfer of one homeowner aiming for urgent sale has increased slightly along with the housing owned by multi-homeowners who are concerned about the increased tax burden."

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*This content was translated by AI.