[real estate] Seoul apartments up 0.28 percent

*This content was translated by AI.

Seoul apartments showed a stable trend.

National apartment sales rose 0.24 percent in the third week of March, according to real estate R114 data. The metropolitan area moved at 0.26% in the five major metropolitan cities at 0.19% and other regions at 0.09%.

17 cities and provinces nationwide also saw 15 gains and two declines, with rising regions dominating. Seoul (0.28%), Gyeonggi (0.28%), Ulsan (0.26%), Jeonbuk (0.24%) and Busan (0.23%) led the rise.

Jeonse prices of apartments nationwide rose 0.04%. The rate of change was 0.03% in Seoul, 0.05% in Gyeonggi and Incheon, and 0.04% in the metropolitan area. The five major metropolitan cities and other regions rose from the same level at 0.02%. Among the 17 cities and provinces nationwide, 14 rose and 3 fell, with more rising regions. By region, Sejong (0.09%), Gyeonggi (0.06%), Daegu (0.05%), and Gangwon (0.04%) rose in order

Meanwhile, with the official price of apartment houses announced in 2026, the national average rose 9.16 percent, marking the fifth-highest increase in history (Seoul's third-highest ever). Of these, Seoul recorded 18.67 percent, while those outside of Seoul recorded only 3.37 percent.

The three Gangnam districts and the Han River Belt jumped 23 to 24%, but the outskirts of Seoul only rose 2-3%, showing a deviation in the rate of increase more than 10 times. As the official price is the reference point for calculating the holding tax, complexes with more than 50% increase in the holding tax burden are expected to continue, especially in high-priced areas in Seoul, which have soared. Landlords who feel tax burden tend to simplify the sale to be immediately put on the market.

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*This content was translated by AI.