[real estate] Lee Jae-myung's drive was eaten.

*This content was translated by AI.

Barometer of South Korean Realty Seoul Realty turned negative.

Apartment sales across the country fell 0.04% in the last week of March, registering a negative change, according to data from R114.

Seoul fell 0.08%, Gyeonggi and Incheon fell 0.01%, and the metropolitan area was lowered by 0.05%. In the non-metropolitan area, the five major cities fell 0.01%, while other regions rose 0.01%, showing a limited price movement at a steady level. Seventeen cities and provinces nationwide also saw 10 declines and 7 gains, with more falling regions. By region, Ulsan (-0.11%), Seoul (-0.08%), Jeju (-0.08%), and Daegu (-0.03%) fell.

Unlike sales, jeonse prices of apartments nationwide jumped 0.1%. Seoul rose 0.11%, while Gyeonggi, Incheon, and the Seoul metropolitan area rose 0.12%, respectively. The five metropolitan cities were raised by 0.05% and other provinces by 0.03%. Among the 17 cities and provinces nationwide, rising regions were dominant with 15 rising, 1 flat and 1 falling.

By region, Gyeonggi Province (0.14 percent), Seoul (0.11 percent), Jeju (0.07 percent), Chungbuk (0.06 percent), and Busan (0.06 percent). It is noteworthy that the pressure to increase the lease on a deposit basis value was high in the metropolitan area.

As of the end of March 2026, the average jeonse price per 3.3㎡ (pyeong) of apartments in the Seoul metropolitan area was 14.23 million won, up 620,000 won from two years ago. Seoul showed the largest increase, up 1.23 million won, followed by Gyeonggi (390,000 won) and Incheon (270,000 won).

Meanwhile, it was confirmed that jeonse sales in the 3rd district of Gangnam in Seoul decreased significantly from two years ago. Gangnam-gu and Yongsan-gu in Seoul are believed to have decreased by about 30-40% in two years, while Gwacheon-si and Hanam-si in Gyeonggi-do have decreased by 70-80%.

Real estate officials who spoke to this newspaper on the phone said, "The Lee Jae-myung administration's tough real estate pressure policy seems to be working. For the time being, real estate is expected to draw a stable downward curve."

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*This content was translated by AI.